Yes. The bank is now a bridge bank: https://www.fdic.gov/news/press-releases/2023/pr23019.html https://www.fdic.gov/news/press-releases/2023/pr23019.html This

Yes. The bank is now a bridge bank: https://www.fdic.gov/news/press-releases/2023/pr23019.html https://www.fdic.gov/news/press-releases/2023/pr23019.html This is a mostly fully functional bank designed to help smooth the transition for depositors away from SVB to their new permanent homes.