Failed Bank List
On Friday, March 10, 2023, Silicon Valley Bank was closed by the California Department of Financial Protection & Innovation and the FDIC was named Receiver. No advance notice is given to the public when a financial institution is closed. The FDIC has
created the Deposit Insurance National Bank of Santa Clara (DINB) to facilitate the resolution of Silicon Valley Bank.
If You Had a Deposit Account
All depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive
a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.
EDIE — Electronic Deposit Insurance Estimator
Calculate insurance coverage of deposit accounts
Facts for Depositors
General information explaining the role of FDIC
If You Had a Loan
If You Are Owed Money for a Service or Product Provided
Beware of Scams
Please be aware of phishing scams to obtain information from you. The FDIC will not send unsolicited email notifications to claim/unlock/suspend your account. The FDIC, however,
will encourage you to correspond with us via the FDIC Claims Portal, a secure web portal.
The main office and all branches of Silicon Valley Bank will reopen on Monday, March 13, 2023. The DINB will maintain Silicon Valley Bank’s normal business hours. Banking activities will resume no later than Monday, March 13, including on-line banking
and other services. Silicon Valley Bank’s official checks will continue to clear. Under the Federal Deposit Insurance Act, the FDIC may create a DINB to ensure that customers have continued access to their insured funds.
If you or your company provided a service or product, leased space, furniture, or equipment to Silicon Valley Bank prior to March 10, 2023 and have not been paid, you may have a claim against
Silicon Valley Bank.
All creditors having claims against Silicon Valley Bank must submit their claims to the Receiver online or by mail.
In order to facilitate the receipt of correspondence related to the Receiver’s administrative claims process during this period of national emergency, any party/claimant who would normally send hardcopy mail to an FDIC facility
related to the Receivership is encouraged to send electronic communication inquiries through email (firstname.lastname@example.org) or the FDIC Information and Support Center.
In addition, any party/claimant who normally would send a Receivership claim submission via hardcopy mail is encouraged to submit the claim through the Non-Deposit FDIC Claims Portal or through email (email@example.com).
FDIC as Receiver for Silicon Valley Bank
Attention: Claims Agent
600 North Pearl Street
Dallas, TX 75201
NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must
file a separate claim with the Receiver.
Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
- General Unsecured Creditors
- Subordinated Debt
Questions About This Closing
Contact the FDIC Customer Service Department at 1-866-799-0959.
|Hours of Operation – Pacific Time|
|Friday, March 10, 2023:||Until 9:00 PM|
|Saturday, March 11, 2023:||9:00 AM – 6:00 PM|
|Sunday, March 12, 2023:||12:00 PM – 6:00 PM|
|Monday, March 13, 2023:||8:00 AM – 8:00 PM|
|Thereafter:||9:00 AM – 5:00 PM|