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.
Insights & Resources
Regulatory Guidance
Bank Term Funding Program
The Bank Term Funding Program (BTFP) provides an additional source of liquidity to U.S. depository institutions.Â
- This term sheet provides more details on the program.
- This FAQ from the Federal Reserve answers questions about the purpose and design, borrower information, collateral, and basic mechanics of the program.
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.
FDIC: When a Bank Fails – Facts for Depositors, Creditors, and Borrowers
Updated July 28, 2014
FDIC: Obtaining a Lien Release from a Failed Bank
Updated July 8, 2022
 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
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, 2023This 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.
Joint Statement from Treasury, Federal Reserve, FDIC, and OCC on Deposits Into First Republic Bank
March 16, 2023For more information, read the announcement from the 11 banks.
CISA: Beware of Bank-Related Scams
March 15, 2023In 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, 2023All contracts entered into with banks before they failed, and their counterparties were transferred into the bridge bank by the FDIC as receiver.
