March 10, 2023, 11:19pm
To our Syncro Partners:
You may have heard the news about Silicon Valley Bank (SVB) shutting down today. We wanted to let you know that Syncro doesn’t have any relationship with SVB—we don’t anticipate this news affecting our business operations in any way.
In the unlikely scenario that you or your end clients are affected, please reach out to us at
email@example.com to discuss your situation and how we might help. Syncro thrives when our partners thrive, and we’re here for you.
Appreciate the heads up. I hadn’t even thought of how this could affect me / people like this haha. Good call with a preemptive PSA. Have a great week!
didn’t expect this information. now the hopes are you don’t have got the money on Signature Bank or Silvergate Bank. Or in any other Bank that starts with a S?
Signature Bank was a New York-based full-service commercial bank with 40 private client offices throughout New York, Connecticut, California, Nevada, and North Carolina. In addition to banking products, specialty national businesses provided services specific to industries such as commercial real estate, private equity, mortgage servicing, and venture banking; subsidiaries of the bank provided equipment financing and investment services. At the end of 2022, the bank had total assets of $110.4 ...
Silvergate Bank is a California bank founded in 1988. The company began providing services for cryptocurrency users in 2016, and conducted an IPO in 2019. In November 2022, concerns were raised about Silvergate's health, following the fall in cryptocurrency prices and the bankruptcy of FTX. In March 2023, the bank announced plans to wind down and liquidate.
Silvergate Bank was co-founded as a savings and loan association in 1988. In 1996 Silvergate was re-capitalized and reorganized into a ban...
Silicon Valley Bank (SVB) was a commercial bank headquartered in Santa Clara, California, and a subsidiary of SVB Financial Group until the bank's assets were transferred to a bridge bank, Silicon Valley Bridge Bank, N.A., due to failure. SVB was the 16th-largest bank in the United States at the time of its failure on March 10, 2023, and was the largest bank by deposits in Silicon Valley. A state-chartered bank and member of the Federal Reserve System, SVB operated from offices in 13 cou On Mar...