An official website of the United States government
The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. Learn about the FDIC’s mission, leadership, history, career opportunities, and more.
Press Release / March 26, 2023
Press Release / March 20, 2023
Press Release / March 19, 2023
Joint Statement / March 16, 2023
The FDIC provides a wealth of resources for consumers, bankers, analysts, and other stakeholders. Browse our collection of financial education materials, data tools, documentation of laws and regulations, information on important initiatives, and more.
Press Release / March 26, 2023
Press Release / March 20, 2023
Press Release / March 19, 2023
Joint Statement / March 16, 2023
The FDIC is proud to be a pre-eminent source of U.S. banking industry research, including quarterly banking profiles, working papers, and state banking performance data. Browse our extensive research tools and reports.
Event / February 28, 2023
Event / December 1, 2022
Announcement / October 25, 2022
Event / September 8, 2022
The FDIC publishes regular updates on news and activities. Keep up with FDIC announcements, read speeches and testimony on the latest banking issues, learn about policy changes for banks, and get the details on upcoming conferences and events.
Press Release / March 26, 2023
Press Release / March 20, 2023
Press Release / March 19, 2023
Joint Statement / March 16, 2023
Advanced Search
Advanced Search
Financial Institution Letter
In recent days, the FDIC has established two bridge banks, Silicon Valley Bridge Bank, N.A. and Signature Bridge Bank, N.A., to assume the deposits and obligations of two failing banks. All contracts entered into with banks before they failed, and their counterparties were transferred into the bridge bank by the FDIC as receiver. Accordingly, vendors and counterparties with contracts with the bridge bank are legally obligated to continue to perform under the contracts, and the bridge is obligated to and has the full ability to make timely payments to vendors and counterparties and otherwise perform its obligations under the contract.
Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions.
FDIC Press Release (March 12, 2023): FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York, NY
FDIC Press Release (March 13, 2023): FDIC Acts to Protect All Depositors of the former Silicon Valley Bank, Santa Clara, California
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC (March 12, 2023)
Legal Division
Legal-Supervision@FDIC.gov
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.
