SVB has failed and depositors cannot access uninsured funds.

What does this mean for SVB depositors?

On Friday, March 10, 2023, Silicon Valley Bank was closed by the California Department of Financial Protection & Innovation and the FDIC was named Receiver. No advance notice is given to the public when a financial institution is closed. The FDIC has created the Deposit Insurance National Bank of Santa Clara (DINB) to facilitate the resolution of Silicon Valley Bank.

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More information and resources in the links below: 

• Frequently asked questions

• FDIC Claims Portal

• $SIVB on Twitter

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If you are a depositor in need of immediate liquidity, Xclaim can help you achieve top-of-market pricing and fast execution that moves at the speed of your business.

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What we are offering: 

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1) Short term liquidity

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2) Cash out

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