"A recent 10-K filing showed more than 90 percent of its deposits were uninsured, and the FDIC says today that "At the time of closing, the amount of deposits in excess of the insurance limits was undetermined."

☝️ yikes.

https://www.theverge.com/2023/3/10/23634012/fdic-shut-down-silicon-valley-bank-startup-venture-capital-cash