SVB FINANCIAL GROUP: going-concern / distress — Silicon Valley Bank closed by California DFPI; FDIC appointed receiver

SVB FINANCIAL GROUP

Silicon Valley Bank closed by California DFPI on March 10, 2023; FDIC appointed receiver.
SVB Financial Group is no longer the parent company of the Bank.
Company has terminated its previously announced equity offerings.

item 1.03 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

SVB FINANCIAL GROUP entered receivership (petition 2023-03-10).

Proceeding: receivership
Petition: 2023-03-10

Exact text from the filing

On March 10, 2023, SVB Financial Group’s (the “Company”) wholly owned subsidiary, Silicon Valley Bank (the “Bank”) was closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation was appointed as receiver.

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001193125-23-067777

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.