---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-007777"
form_type: "8-K"
ticker: "SGMO"
cik: "0001001233"
company_name: "SANGAMO THERAPEUTICS, INC"
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T02:44:08.405483+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sangamo recovers $34.4M in SVB deposits; funds moved to alternative banks

## Summary
- Had approximately $34.4M in deposits with Silicon Valley Bank, substantially all uninsured.
- FDIC transferred all deposits to a bridge bank on March 13; Sangamo accessed full amount.
- Substantially all deposits transferred to alternative global banking providers on March 13.
- Expects to migrate all banking services from SVB to alternative global banking providers.
- No loss of funds; cash position unaffected by SVB closure.

## SEC filing metadata
- accession: 0001628280-23-007777
- form_type: 8-K
- ticker: SGMO
- cik: 0001001233
- company_name: SANGAMO THERAPEUTICS, INC
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001233/000162828023007777/0001628280-23-007777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001233/000162828023007777/sgmo-20230313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-007777
- JSON: https://secwatch.observer/filing/0001628280-23-007777.json
- Plain text: https://secwatch.observer/filing/0001628280-23-007777.txt

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