Alector reports ~1% cash at Silicon Valley Bank; no material impact expected

Alector, Inc.

As of March 10, 2023, ~1% of total cash, cash equivalents, and marketable securities held at SVB.
Majority of operating cash held at JPMorgan Chase & Co.; asset management portfolio custodied at U.S. Bancorp.
Company does not use SVB for payroll; no material impact on operations or payroll obligations expected.
FDIC appointed receiver for SVB; Treasury, Fed, FDIC approved full depositor protection on March 12.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.