Insights & Resources on Bank Closings

What You Need To Know

Following the closures of Silicon Valley Bank, Signature Bank, and First Republic Bank, many companies have questions about what happens next and potential impacts on their businesses.

This page contains insights and resources that may be helpful to your organization. For guidance specific to your business, contact a Jackson Walker attorney.

The resources on this page do not constitute legal advice.

Regulatory Guidance

Bank Term Funding Program

The Bank Term Funding Program (BTFP) provides an additional source of liquidity to U.S. depository institutions. 

FDIC Borrower’s Guide to an FDIC-Insured Bank’s Failure

Updated February 28, 2019

This guide provides information to borrowers on how the FDIC processes loans from failed financial institutions. If borrowers experience financial difficulties, they can contact the FDIC to explore a loan workout program or reasonable proposal to settle debt for less than the amount owed.

 JW Insights

Jackson Walker update emails will feature insights and resources on recent bank closings, the impact on business in Texas and nationwide, and evolving regulatory responses.

Updates from the FDIC, Federal Reserve, and Other Government Agencies

FDIC Releases Comprehensive Overview of Deposit Insurance System, Including Options for Deposit Insurance Reform

May 1, 2023

The report, Options for Deposit Insurance Reform, examines the role of deposit insurance in promoting financial stability and preventing bank runs, as well as policies and tools that may complement changes to deposit insurance coverage.

» Statement by Martin J. Gruenberg, Chairman, FDIC, On Options for Deposit Insurance Reform

Review of the Federal Reserve’s Supervision and Regulation of Silicon Valley Bank

April 28, 2023

This report examines the factors that contributed to the failure of Silicon Valley Bank in March 2023 and reviews the role of the Federal Reserve, which was the primary federal supervisor for the bank and its holding company, Silicon Valley Bank Financial Group.

CISA: Beware of Bank-Related Scams

March 15, 2023

In light of recent bank failures, CISA warns consumers to beware of potential scams requesting your money or sensitive personal information.

FDIC: Financial Institutions are Required to Meet Contractual Obligations with Bridge Banks

March 14, 2023

All contracts entered into with banks before they failed, and their counterparties were transferred into the bridge bank by the FDIC as receiver.

Our Experience

Explore related practice areas and contact a Jackson Walker attorney for more information on how we can help companies of all sizes navigate today’s complex legal landscape.

Additional Resources

While Jackson Walker does not maintain or update the information from these outside resources, it may be helpful to your business.