other material
confidence high
sentiment neutral
materiality 0.50
Guerrilla RF had $2.2M at Silicon Valley Bank; FDIC confirms full deposit access
Guerrilla RF, Inc.
- Company held ~$2.2M in deposits at Silicon Valley Bank as of March 10, 2023.
- SVB closed by California DFPI; FDIC appointed receiver, created DINB for insured deposits.
- Joint Treasury-Fed-FDIC statement guarantees all depositors full access starting March 13.
- Company expects to recover entire $2.2M balance with no loss.