The Everything Bubble
These Banks imploded already, starting in 2023
To protect depositors, on Monday, March 13, 2023, the FDIC transferred all the deposits of Silicon Valley Bank to Silicon Valley Bridge Bank, N.A. a full-service 'bridge bank' that was operated by the FDIC as it marketed the institution to potential bidders. On March 26, 2023, the FDIC entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, N.A., with First–Citizens Bank & Trust Company, Raleigh, NC. As part of this transaction Silicon Valley B
On Sunday, March 12, 2023, Signature Bank, New York, NY was closed by the New York State Department of Financial Services, which appointed the FDIC as Receiver. On Sunday, March 19, 2023, FDIC entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios with Flagstar Bank, NA, Hicksville, NY, a wholly owned subsidiary of New York Community Bancorp, Inc., Westbury, NY.
JPMorgan Chase Bank, National Association, to assume all of the deposits and substantially all of the assets of First Republic Bank
Dream First Bank, National Association, to assume all of the deposits and substantially all of the assets of Heartland Tri-State Bank
Banks at risk of Imploding
39 Banks at risk of imploding as of the end of 2022
This information is deemed reliable, but not guaranteed
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