- The Federal Deposit Insurance Corporation on Monday named Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group (SIVB.O).
- The regulator has also transferred all deposits — both insured and uninsured — and substantially all assets of the bank to a newly created bridge bank.
FDIC names Tim Mayopoulos as CEO of Silicon Valley Bank
The Federal Deposit Insurance Corporation on Monday named Tim Mayopoulos as the chief executive officer of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group .
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