---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-067777"
form_type: "8-K"
ticker: null
cik: "0000719739"
company_name: "SVB FINANCIAL GROUP"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T06:04:01.025990+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Silicon Valley Bank closed by California DFPI; FDIC appointed receiver

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-067777
- form_type: 8-K
- cik: 0000719739
- company_name: SVB FINANCIAL GROUP
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719739/000119312523067777/0001193125-23-067777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719739/000119312523067777/d450664d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-067777
- JSON: https://secwatch.observer/filing/0001193125-23-067777.json
- Plain text: https://secwatch.observer/filing/0001193125-23-067777.txt

## Key facts
- Distress & Bankruptcy
  SVB FINANCIAL GROUP entered receivership (petition 2023-03-10).
  - Proceeding: receivership
  - Petition: 2023-03-10
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/719739/000119312523067777/0001193125-23-067777-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.