Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Many depositors moved their funds out of Silicon Valley Bank over the last few days.
  • The CEO of Silicon Valley Bridge Bank asked customers to move their money back to the bank.
  • US depositors have been moving billions of dollars from smaller to larger banks, per Reuters.
  • Banking giants seeing demand for deposit services include Bank of America, Citigroup, and JPMorgan Chase.

The new CEO of Silicon Valley Bridge Bank is asking customers to help the lender by moving back the money they had withdrawn over the last few days.