SVB Securities, a leading investment bank serving the innovation economy, announced today that the appointment of the Federal Deposit Insurance Corporation (“FDIC”) as receiver of Silicon Valley Bank will not directly impact the broker-dealer’s business operations, which continue uninterrupted under the management of SVB Securities leadership team.
In a statement released today, SVB Securities’ CEO Jeff Leerink said, “We understand that the receivership of Silicon Valley Bank has caused concern among our clients and stakeholders. We want to assure you that SVB Securities is financially stable and will continue to operate as usual. We remain committed to providing the same level of high-quality products and services that our clients have come to expect from us.”
