Silicon Valley Bank was an American commercial bank. SVB was on the list of largest banks in the United States, and was the biggest bank in Silicon Valley based on local deposits. It was a subsidiary of SVB Financial Group. The bank closed on March 10, 2023, and was taken over by the FDIC after a bank run on its assets. - Source: Wikipedia
"We wanted to let you know that there is a delay with your deposit that was scheduled for today," the company said in an email to some customers, according to NBC News.
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