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Bank Failures

Bid Summary for Silicon Valley Bridge Bank, Santa Clara, CA

Silicon Valley Bridge Bank, Santa Clara, CA
Closing Date: March 10, 2023

Failed Bank Information for Silicon Valley Bank, Santa Clara, CA

BidderType of 
Transaction
Deposits 
Passing
Deposit 
Premium
Asset 
Discount
Assets Purchased% Asset Discount
on Purchased Assets
Option 1 - 
No Loss Share
Option 2 - 
Commercial Shared Loss
Option 3 - Single 
Family and Commercial
Shared Loss
Purchase Money 
Note Y/N
Non-ConformingEquity Appreciation 
Offer Y/N
Winning Bid:
First Citizens
Bank & Trust
Company, 
Raleigh, NC
Purchase and 
Assumption
All Deposits0%($16.5B)$72B23%N/A$5B/0%/50%N/AYYY
Other
Bids:
            
OtherPurchase and 
Assumption
Wine related 
- $300MM
0.50%($465MM)$1.17B40%No Shared LossN/AN/AYYY
OtherPurchase and 
Assumption
All Deposits0%($19.4B)$75B26%N/A$5B/0%/50%N/AYYY
OtherPurchase and 
Assumption
All Deposits0%($22.1B)$75B29%No Shared LossN/AN/AYYN
OtherPurchase and 
Assumption
All Deposits0%($19.1B)$72B27%No Shared LossN/AN/AYYN
OtherPurchase and 
Assumption
All DepositsN/A($4.65B)$15.8B + 2 Subs31%No Shared LossN/AN/ANYN
OtherPurchase and 
Assumption
All DepositsN/A($10.15B)$52.4B + 2 subs19%No Shared LossN/AN/ANYN
OtherPurchase and 
Assumption
All Deposits0%($5.8B)$28B19%N/A$726MM/80%N/ANYY
OtherPurchase and 
Assumption
All Deposits0%($4.5B)$18B25%No Shared LossN/AN/ANYY
OtherPurchase and 
Assumption
$16.8B0%($9.85B)$38B book, 
$28B unfund loans /
$10.4B - securities
25% loans/ 
2% securities
N/A10% of par/ 80%N/AYYN
 Type of Bid (Pools)Pool 1 BV
($B) = 10.6
Pool 2 BV
($B) = 4.0
Pool 3 BV
($B) = 1.2
Pool 4 BV
($B) = 33.9
Pool 5 BV
($B) = 5.3
Pool 6 BV
($B) = 4.3
Pool 7 BV
($B) = 2.7
Pool 8 BV
($B) = 2.6
Pool 9 BV
($B) = 2.4
Pool 10 BV
($B) = 2.3
Pool 11 BV
($B) = 1.7
Pool 12 BV
($B) = 0.25
Pool 13 BV
($B) = 0.18
Pool 14 BV
($B) = 0.03
Pool 15 BV
($B) = 0.0098
OtherNon-ConformingN/AN/AN/A85% of BVN/AN/A85% of BVN/AN/AN/AN/AN/AN/AN/AN/A
OtherNon-ConformingN/AN/A$0.70N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
OtherNon-ConformingSubject to 
negotiation
Subject to
negotiation
Subject to
negotiation
90% of BV4.533.682.472.222.001.941.420.210.150.020.0084
OtherNon-ConformingN/A2.830.76N/A3.472.82N/AN/AN/AN/AN/AN/AN/AN/AN/A
OtherNon-ConformingN/A$10B on Pools
1, 2, and 3
$N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
 Type of Bid 
(WPB, Segments)
RR Rev Multiple 
- No Trust
Entity Cash Value 
- No Trust
RR Rev 
Multiple 
- Trust
Entity Cash Value 
- Trust
Deposits 
Y/N
Deposit 
Premium
Asset 
Discount ($B)
Assets 
Purchased ($B)
% Asset Discount 
on Purchased Assets
Description 
of Assets 
Purchased
Acquiring
Institution Size ($B)
Non-Conforming
OtherSegments
(Wealth w/ Trust)
N/AN/A2.5$126MMNN/AN/AN/AN/AN/AN/AY
OtherSegmentsN/AN/AN/AN/ANN/A$2.7B/30%N/AN/AN/AN/AY
OtherSegments - 
PB Loans and
Deposits
N/AN/AN/AN/AY0$4.5B/29%N/AN/AN/AN/AY
OtherSegments - 
- Wealth Mgmt
Broker Dealer
N/AN/A0$1Y0$4.5B/29%N/AN/AN/AN/AY
OtherWPBN/AN/A00Y0$4.75/30%N/AN/AN/AN/AY
OtherWealth Mgt, 
Deposits, and 
Certain Loans
N/AN/AN/A$50.5MMYNo$1.61B/10% of $4.5BN/AN/AN/AN/AY
OtherWealth Mgt, 
and Deposits
N/AN/AN/A$50.5MMYNoN/AN/AN/AN/AN/AY
OtherWPBN/AN/A3.46$175MMY0N/AN/AN/AN/AN/AY
OtherWPBN/AN/A3.46$175MMY0$2.1B/13%N/AN/AN/AN/AY
OtherWPBN/AN/A1$50.5MMY0$8.2B/52%N/AN/AN/AN/AY

 

Other Bidder Names, City, ST:

AG Wine Group (Attollo Capital / Gordian Group), New York, NY
Apollo, New York, NY
BankUnited, N.A., Miami Lakes, FL
Centennial Bank, Conway, AR
The Bank of Nova Scotia, Halifax, Nova Scotia
Bayview Acquisitions, Coral Gables, FL
Blackstone / Liberty Capital, New York, NY
Brex Inc., Salt Lake City, UT
CIBC Bank USA, Chicago, IL
Citizens Bank, N.A., Providence, RI
Creative Planning, Overland Park, KS
Lido Advisors, Los Angeles, CA
Northeast Bank, Portland, ME
PNC Bank, Wimington, DE
Reverence Capital, New York, NY
Safra National Bank of NY, New York, NY
Sixth Street Partners, New York, NY
Stifel Bank & Trust, St. Louis, MO
Valley Bank, Passaic, NJ
 

Notes:

  • This institution was resolved pursuant to the systemic risk exception in 12 U.S.C. 1823(c)(4)(G). This step was taken to ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promoted strong and sustainable economic growth. See Press Release Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC.
  • There is no linkage between bidder names and bids, except in the case of the winning bid.
  • There may be more bids than bidders because one or more bidders submitted more than one bid.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: May 10, 2023