Silicon Valley Bank maintained $209 billion in assets and $175.4 billion in total deposits, making it the 16th-largest bank in the country.
Vox Media Vox Media, the parent company of dozens of liberal news companies including Vox, New York magazine, the Verge, and Polygon, disclosed in news stories that it banked with Silicon Valley Bank before its collapse.
Vox spokeswoman Lauren Starke told the Washington Post that the company doesn't anticipate "Any significant impact" due to the bank's failure but added that it has suffered "Logistical issues such as the temporary suspension of accounts and company credit cards." In a Monday piece on Silicon Valley Bank's collapse, Vox competitor the Dispatch parenthetically disclosed it had been a Silicon Valley Bank customer.
Black Lives Matter While Black Lives Matter isn't a known client of Silicon Valley Bank, the bank's untimely failure marks the end of a significant gravy train for the movement.
The Green Energy Racket Silicon Valley Bank's failure could have delivered a seismic blow to the climate change industry and the more than 1,550 technology companies that specialize in solar, hydrogen, and battery storage solutions that held funds at the bank, had Biden not bailed the institution out.
Still, the bank's failure will have lingering effects for the industry, with insiders warning that Silicon Valley Bank was often the only institution willing to lend funds for their projects.
"Silicon Valley Bank was in many ways a climate bank," Kiran Bhatraju, the chief executive of the nation's largest community solar manager, Arcadia, told the New York Times.
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