A preliminary trademark for this logo was filed on December 9, 2021.
On March 10, 2023, the bank was forcibly shut down after it failed to raise enough capital and a subsequent bank run occurred. The bank's liquidation took place one day after the failure of Silvergate Bank and two days before the failure of Signature Bank. With assets totaling US$209 billion, its closure was the second-largest bank failure in the United States, only being overtaken by Washington Mutual. It remained the second-largest bank failure in the United States until First Republic Bank's failure on May 1, 2023, which collapsed with assets totaling US$229.1 billion.
In the hours following the bank's collapse, the Federal Deposit Insurance Corporation established the Deposit Insurance National Bank of Santa Clara in order to re-open the bank's branches the following Monday and enable access to insured deposits. Only three days after the new bank's establishment, it was shut down and replaced by Silicon Valley Bank, N.A.. Three weeks later on March 27, First Citizens BancShares purchased SVB's commercial assets from the FDIC and began reopening the bank in the follwing days.[1]
.svg "Silicon Valley Bank 2013 (Stacked).svg (4 KB)")
