We have linked three client alerts that highlight the key events that occurred over this past weekend in the wake of the failure of Silicon Valley Bank. We will continue to monitor events and send updates as major developments occur. Hunton Andrews Kurth LLP has assembled a cross-disciplinary team consisting of attorneys from various practices to assist clients with the evolving situations involving Silicon Valley Bank, Signature Bank and any similarly situated banks.
Silicon Valley Bank: March 13, 2023 Updates on FDIC Receivership and Bridge Bank
Signature Bank: What to Know About March 12, 2023 Closing, FDIC Receivership and Bridge Bank
Federal Reserve Launches New Bank Term Facility Program; First Republic Bank Receives Private Sector Liquidity