Webinar Recording: Silicon Valley Bank’s and Signature Bank’s Takeover by the FDIC

 

About the Program

Over the weekend, the Treasury announced in a Joint Statement of the Department of the Treasury, Federal Reserve, and FDIC, that it is completing its resolution of Silicon Valley Bank “in a manner that fully protects all depositors. Depositors will have access to all their currency starting Monday, March 13.”  Signature Bank, New York, New York, also was closed by its state chartering authority on Sunday, March 12, 2023 and “[a]ll depositors of this institution will be made whole” as well. 

Join Seyfarth’s SVB Task Force co-leads Bill Hanlon and David Bizar for a rapid update following an open Q&A.

• What has changed?
• Mechanics
• Is this a “bailout”?
• Who is in charge?
• What do we expect?

Speakers

David Bizar, Partner, Seyfarth Shaw LLP
William Hanlon, Partner, Seyfarth Shaw LLP

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If you have any questions, please contact Colleen Vest at cvest@seyfarth.com and reference this event.