Regulators to Hold Auction for Silicon Valley Bank

Buyers for bank are sought in an effort to repay depositors

The Federal Deposit Insurance Corp. seized Silicon Valley Bank on Friday.Photo: Preston Gannaway for The Wall Street Journal

Regulators are auctioning failed Silicon Valley Bank, according to people familiar with the matter.

The Federal Deposit Insurance Corp. seized Silicon Valley Bank on Friday after a run on deposits doomed its efforts to raise fresh capital and shore up its finances. Regulators are trying to find buyers for the bank in an effort to repay depositors

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