SVB bank collapsed last week in the second Largest Bank Failure in U.S. History. As of early last week, here were the companies that were banking with SVB along with their approximate deposits.
|Company||Approx Deposits in USD|
|Ginkgo Bioworks||$74 million|
|Rocket Lab||$38 million|
|Sangamo Therapeutics||$34 million|
|Lending Club||$21 million|
It is unconfirmed how much exposure these companies continue to have.
Federal Reserve Board announced today Mar 12, 2023 that depositors, deposits with SVB will made made whole without bailing out the bank.