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Logo of the short-lived Deposit Insurance National Bank of Santa Clara. DINBs were initially the only way that the FDIC could resolve a failed institution. The first DINB was the Deposit Insurance National Bank of East Peoria, created when Fond Du Lac State Bank was closed by Illinois regulators on May 26, 1934.
SVB was a commercial bank founded in 1983 and headquartered in Santa Clara, California.At its collapse, SVB was the 16th largest bank in the U.S. by total assets and was heavily skewed toward serving companies and individuals from the technology industry.
The bank's 160,000-square-foot (15,000 m 2) headquarters in Santa Clara, which still serves as headquarters for the holding company, has been the longtime anchor tenant of a seven-building office complex called The Quad at Tasman. [64] The bank's lease was scheduled to expire on September 30, 2024.
Silicon Valley Bank’s customers, along with investors and bankers across the globe, are waiting for an announcement from U.S. regulators about what comes next after the largest bank failure ...
CORRECTING and REPLACING Bank of Santa Clarita Announces its Results for the Fourth Quarter and Full Year 2012 SANTA CLARITA, Calif.--(BUSINESS WIRE)-- In the Bank of Santa Clarita's Statements of ...
The failure of Silicon Valley Bank was the largest of any bank since the 2007–2008 financial crisis by assets, and the second-largest in U.S. history behind that of Washington Mutual. [ 6 ] On March 10, 2023, the California Department of Financial Protection and Innovation closed SVB, Santa Clara, and appointed the FDIC as receiver, [ 5 ...