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Published 1 year ago

FDIC extends bidding for Silicon Valley Bank

Summary by Ground News
The Federal Deposit Insurance Corp. said Monday it's extending the bidding for former units and assets of Silicon Valley Bank. The FDIC said it will allow parties to submit separate bids for Silicon Valley Bridge Bank and its Silicon Valley Private Bank units. Qualified, insured banks and banks in alliance with nonbank partners will be able to submit whole-bank bids.

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