United States: Silicon Valley Bank Sale Process Evolving In Unusual Direction  - Lewis Brisbois Bisgaard & Smith LLP

United States: Silicon Valley Bank Sale Process Evolving In Unusual Direction - Lewis Brisbois Bisgaard & Smith LLP

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Having failed to quickly find a buyer for the assets and deposits of the newly created Silicon Valley Bank, N.A., Santa Clara, California (SVB), the FDIC has announced that it will expand the bidding process in the hopes of maximizing the value it can obtain from a sale.

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