'Help us rebuild' deposit base: Silicon Valley Bridge Bank's new CEO

Mayopoulos said on a Tuesday conference call with clients that the future of the bank "is still being charted," and that the company could be recapitalized, taken over by a new owner or wound down

The new chief executive officer of Silicon Valley Bridge Bank Tim Mayopoulos has one ask: that depositors pivot back to the lender.
 

“The number one thing you can do to support the future of this institution is to help us rebuild our deposit base, both by leaving deposits with Silicon Valley Bridge Bank and transferring back deposits that left over the last several days,” he wrote Tuesday in an email to clients.

The bank is open for business, making new loans and honoring existing credit facilities, Mayopoulos said. Amid a textbook bank run, withdrawals initiated by depositors and investors amounted