Bloomberg Law
March 14, 2023, 9:49 PM

SVB Bridge Bank CEO Asks Depositors to ‘Help Us Rebuild’ (2)

Gillian Tan
Gillian Tan
Bloomberg News

The new chief executive officer of Silicon Valley Bridge Bank Tim Mayopoulos has one ask: that depositors pivot back to the lender.

“The number one thing you can do to support the future of this institution is to help us rebuild our deposit base, both by leaving deposits with Silicon Valley Bridge Bank and transferring back deposits that left over the last several days,” he wrote Tuesday in an email to clients.

Read more: SVB Bridge Bank CEO Touts Turnaround Experience During Crisis

The bank is open for business, making new loans and honoring existing credit facilities, Mayopoulos said. Amid ...

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