BRIEF-Silicon Valley Bank, CEO Tim Mayopoulos Says Co Is Open And Conducting Business As Usual - Letter


Reuters | Updated: 14-03-2023 07:03 IST | Created: 14-03-2023 07:03 IST
BRIEF-Silicon Valley Bank, CEO Tim Mayopoulos Says Co Is Open And Conducting Business As Usual - Letter

SVB Financial Group: * SILICON VALLEY BANK, N.A. CEO TIM MAYOPOULOS SAYS CO IS OPEN AND CONDUCTING BUSINESS AS USUAL

* SILICON VALLEY BANK, N.A. CEO TIM MAYOPOULOS-CONDUCTING BUSINESS AS USUAL WITHIN THE US AND EXPECT TO RESUME CROSS-BORDER TRANSACTIONS IN COMING DAYS * SILICON VALLEY BANK CEO TIM MAYOPOULOS SAYS OVER WEEKEND, FDIC TRANSFERRED ALL DEPOSITS AND SUBSTANTIALLY ALL ASSETS OF FORMER SILICON VALLEY BANK TO NEWLY CREATED, FULL-SERVICE FDIC-OPERATED 'BRIDGE BANK'

* SILICON VALLEY BANK CEO TIM MAYOPOULOS SAYS DEPOSITORS HAVE FULL ACCESS TO THEIR MONEY AND NEW AND EXISTING DEPOSITS ARE PROTECTED * SILICON VALLEY BANK CEO TIM MAYOPOULOS SAYS ALL EXISTING DEPOSITS ARE PROTECTED BY THE FDIC

* SILICON VALLEY BANK CEO TIM MAYOPOULOS SAYS ALL NEW DEPOSITS ARE ALSO PROTECTED BY THE FDIC * SILICON VALLEY BANK CEO TIM MAYOPOULOS SAYS ALL WIRE PAYMENTS ENTERED ON MARCH 9 OR 10 THAT HAVE NOT ALREADY PROCESSED HAVE SINCE BEEN CANCELLED

* SILICON VALLEY BANK CEO TIM MAYOPOULOS SAYS WE ARE CONDUCTING BUSINESS AS USUAL WITHIN THE US AND EXPECT TO RESUME CROSS-BORDER TRANSACTIONS IN THE COMING DAYS Source text for Eikon: Further company coverage:

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