First Citizens to assume deposits of Silicon Valley Bridge Bank from the FDIC
We advised Silicon Valley Bridge Bank on a range of issues
Davis Polk provided strategic, regulatory, corporate law, privacy and other advice solely to Silicon Valley Bridge Bank on a range of issues relating to its status as a bridge bank and ending with the acquisition of substantially all of its deposits and certain assets by First Citizens.
The Davis Polk team was led by Margaret E. Tahyar, head of the firm’s financial institutions practice, and financial institutions partner Gabriel D. Rosenberg. Partners Paul S. Scrivano, Emily Roberts and Michael Davis provided corporate advice. Partner Adam Kaminsky provided executive compensation advice. Partners Frank J. Azzopardi and Matthew J. Bacal provided intellectual property advice. Members of the Davis Polk team are based in the New York, Northern California and Washington DC offices.