Bulletins

Client Alert: Navigating the Silicon Valley Bank Collapse

March 12, 2023

   

The collapse of Silicon Valley Bank (SVB) has dramatically impacted not only the startup and venture capital community that banked with SVB, but also individuals and well-established companies that banked with SVB as a result of its acquisition of Boston Private Bank. 

Burns & Levinson is responding to the needs of clients that have uninsured deposits at SVB, and our team is closely monitoring this evolving situation and assisting with the ramifications of funding and assets unexpectedly being trapped in a lender shutdown.

With over 100 years of collective experience in corporate and debt restructuring and venture capital, Senior Partners Frank A. Segall, Josef Volman, and Scott Moskol lead their Burns teams to successfully represent companies forced to deal with extreme and unexpected financial emergencies ā€“ such as they did throughout the savings and loan crisis from 1989 to 1995 which resulted in 700+ financial institutions failing. 

Our team has unparalleled experience in venture capital, finance, restructuring, and lending and we will leverage our close relationships with financial institutions, VC firms, and other essential resources to assist you through this crisis. We are here for you ā€“ please do not hesitate to contact us with any of your questions or concerns.

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