We were encouraged to see the latest statement from the FDIC that the newly established Bridge Banks for the closures of Silicon Valley Bank and Signature Bank will be required to meet their contractual obligations, including fulfilling equity investments and construction loans. You can read the full statement here.
NEF is staying close to the situation as things continue to evolve, and we are in detailed conversations with our contacts at the Bridge Banks. We’ll continue to keep you updated as we have new information to share.
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