https://economictimes.indiatimes.com/news/international/business/fdic-transfers-all-silicon-valley-bank-deposits-to-new-bridge-bank/articleshow/98607094.cms
The FDIC named Tim Mayopoulos as CEO of the bridge bank, Silicon Valley Bank, N.A. Mr. Mayopoulos is former president and CEO of the Federal National Mortgage Association. A bridge bank assumes the deposits and certain other liabilities and purchases certain …
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