Silicon Valley Bank And Signature Bank: Dealing With Letter Of Credit Security Deposits Under Leases
March 17, 2023
March 17, 2023
DALLAS, Texas, March 17 -- Haynes and Boone, a law firm, posted the following news release:
The recent receiverships of Silicon Valley Bank and Signature Bank (the "Former Banks"), and the transfer of all contracts and deposits of Silicon Valley Bank to Silicon Valley Bridge Bank, N.A. ("SVB Bridge Bank") and of Signature Bank to Signature Bridge Bank, N.A. ("Signature Bridge Bank", and, together with SVB Bridge Bank, the "Bridge Banks"), is a . . .
The recent receiverships of Silicon Valley Bank and Signature Bank (the "Former Banks"), and the transfer of all contracts and deposits of Silicon Valley Bank to Silicon Valley Bridge Bank, N.A. ("SVB Bridge Bank") and of Signature Bank to Signature Bridge Bank, N.A. ("Signature Bridge Bank", and, together with SVB Bridge Bank, the "Bridge Banks"), is a . . .