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Personal Lines, Risk Management Megan Henderson Personal Lines, Risk Management Megan Henderson

FDIC Takes Action to Protect Depositors Following Collapse of Silicon Valley Bank

On Monday, March 13, 2023, the Federal Deposit Insurance Corporation (FDIC) issued a press release explaining that it has taken action to protect depositors of the former Silicon Valley Bank (SVB) of Santa Clara, California. This announcement comes after the California Department of Financial Protection and Innovation closed SVB on Friday, March 10, 2023.

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