No because SVB has assets with value to sell. That's the "dividend" the FDIC refers to in the press release.

SVB's assets will be divided up and given back to creditors (including depositors). So remaining depositors likely will get something back eventually, but we don't know how much yet (10%? 50%? 85%). There will also likely be a delay in getting those funds back as the process plays out, which is probably more dangerous to many companies than the haircut (assuming the hair-cut isn't too severe).

For now yes, you get a note on what’s owed that remains and in time you get some of your money back post bankruptcy.

Keep your accounts lower than 250k

> Keep your accounts lower than 250k

For full precision, if you're concerned about this, be aware that it's 250K per depositor at a given bank, rather than per account. That is, all your qualifying accounts at the bank are considered as one pool and 250K of that is insured. More detailed information, including how joint accounts are handled, here: https://www.fdic.gov/resources/deposit-insurance/financial-p...

Or better yet, don't listen to your VC's relationship people and put all of your money in one bank.

Many bank's terms are if you get a loan from them, you need to use them as your only bank (or only accounts receiving deposits, or something). It is negotiable but it is the norm.