# SILICON VALLEY BANK

> **Failed bank** · SANTA CLARA, CA · failed 2023-03-10 · State commercial bank, Federal Reserve member · FDIC cost $18,960M

## What happened

SILICON VALLEY BANK of SANTA CLARA, CA was closed by state regulators on **2023-03-10**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST-CITIZENS BANK & TRUST COMPANY** (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4105
- **FDIC Certificate:** 24735
- **FDIC FIN:** 10539
- **Bank name:** SILICON VALLEY BANK
- **Location:** SANTA CLARA, CA
- **Failure date:** 2023-03-10
- **FDIC resolution date:** 2023-03-26
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $18,960M
- **Deposits at failure:** $175,378M
- **Assets at failure:** $209,026M
- **Acquiring bank:** FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)
- **FDIC comments:** LCT not performed.  DRR will provide data when available.  Silicon Valley Bank to Silicon Valley Bridge Bank (59334)created with FIN 10542.

## Other banks FIRST-CITIZENS BANK & TRUST COMPANY has acquired in FDIC resolutions

- GUARANTY BANK (MILWAUKEE, WI) — failed 2017-05-05 — /failed-bank/4093
- HARVEST COMMUNITY BANK (PENNSVILLE, NJ) — failed 2017-01-13 — /failed-bank/4089
- FIRST CORNERSTONE BANK (KING OF PRUSSIA, PA) — failed 2016-05-06 — /failed-bank/4086
- NORTH MILWAUKEE STATE BANK (MILWAUKEE, WI) — failed 2016-03-11 — /failed-bank/4084
- CAPITOL CITY BANK & TRUST COMPANY (ATLANTA, GA) — failed 2015-02-13 — /failed-bank/4078
- COLORADO CAPITAL BANK (CASTLE ROCK, CO) — failed 2011-07-08 — /failed-bank/3940
- FIRST REGIONAL BANK (LOS ANGELES, CA) — failed 2010-01-29 — /failed-bank/3748
- VENTURE BANK (LACEY, WA) — failed 2009-09-11 — /failed-bank/3684

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SILICON%20VALLEY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SILICON VALLEY BANK (FDIC ID 4105), failed 2023-03-10. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/4105.

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