And the Banking Hits Just Keep on Coming . . .

It has been an eventful few weeks (to say the least). On March 8, 2022, Silvergate Capital Corporation (parent company of Silvergate Bank) decided to voluntarily liquidate. Subsequently, Silicon Valley Bank (SVB) (3/10/23) and Signature Bank (3/12/23) were placed into FDIC receiverships. On March 17, 2023, SVB Financial Group (the former parent of SVB) filed a mega Chapter 11 in the Southern District of New York. Check out our tracker to stay up to date on mega Chapter 11 filings (and the below related content discussing issues pertinent to the bank failures).

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Related Content

• Silicon Valley Bank Collapse: Client Alert Digest
  Read this client alert on the initial government response to the SVB collapse.

• Navigating a Failed Bank Receivership
  Read this practice note for information on the FDIC serving as a receiver for a failed bank.

• Federal Deposit Insurance Corporation's Role after Failure of an Insured Depository Institution
  See this practice note for a discussion of the FDIC’s role in the event there is a failure of an insured depository institution.

• Addressing Risk during a Financial Crisis Checklist
  Use this checklist when representing businesses during an external business or financial crisis.

• Receiverships
  Review this practice note for a discussion of the various aspects of the law of receiverships.

• Out-of-Court Restructuring and Liquidation Alternatives Resource Kit
  Use this resource kit for Practical Guidance material on several alternatives to filing for bankruptcy protection.

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