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2nd Circ. Says FDIC Need Not File Claim To Save SVB Setoff

By Hilary Russ · September 9, 2026, 8:08 PM EDT

The Federal Deposit Insurance Corp. is not required to file a claim in the bankruptcy case of Silicon Valley Bank's former parent to preserve its defensive setoff rights, the Second Circuit...

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Case Information

Case Title

SVB Financial Group and SVB Financial Trust

Case Number

1:23-bk-10367

Court

New York Southern

Nature of Suit

Date Filed

March 17, 2023

Case Title

SVB Financial Trust v. Federal Deposit Insurance Corporation, as Receiver for Silicon Valley Bank and Silicon Valley Bridge Bank, N.A.

Case Number

5:24-cv-01321

Court

California Northern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

March 05, 2024

Case Title

In Re: SVB Financial Group

Case Number

1:24-cv-06484

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Date Filed

August 28, 2024

Case Title

In Re: SVB Financial Group

Case Number

25-567

Court

Appellate - 2nd Circuit

Nature of Suit

Date Filed

March 11, 2025