Silicon Valley Bridge Bank, National Association Is Open For Business

1 minute read | March.14.2023

Silicon Valley Bridge Bank, National Association (“SVBBNA”), a bridge bank and successor to Silicon Valley Bank (“SVB”), has acquired substantially all of the assets and operations of SVB. The FDIC, as receiver of SVB, is the shareholder of SVBBNA.

SVBBNA has announced that it is fully open for business, including maintaining and opening new deposit accounts, advancing loans under existing loan facilities, considering new loan applications, and processing and honoring wire transfers.

SVBBNA has confirmed that customers can fully access their deposit accounts. Customers who requested wire transfers from SVB on March 9th or 10th that have not been completed can resubmit those wire transfer requests with SVBBNA.

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