Large Bank Supervision Forum eBook

NONPUBLIC//FDIC INTERNAL ONLY

Recent Bridge Depository Institutions Silicon Valley Bank (SVB) and Signature Bank

March 10, 2023 • Silicon Valley Bank fails; FDIC creates Deposit Insurance National Bank of Santa Clara March 12, 2023 • Signature Bank fails; FDIC creates Signature Bridge Bank NA • Systemic Risk Exception declared for Silicon Valley Bank and Signature Bank March 13, 2023 • Silicon Valley Bridge Bank NA created March 19, 2023 • FDIC enters into P&A agreement with Flagstar Bank NA for Signature Bridge Bank NA March 26, 2023 • FDIC enters into P&A agreement with First-Citizens Bank & Trust for Silicon Valley Bridge Bank NA

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