Updated March 12, 2023 7:07 PM ET
When Silicon Valley Bank collapsed after a deposit rush, many of its customers sought compensation after being cut off. Companies that disclosed how much money they had in the bank when it failed are listed below.
Roku shares fell March 10 after the streaming platform provider said in a securities filing that it holds about $487 million in SVB, or 26% of its $1.9 billion cash position.
Those funds were frozen when the bank collapsed, but firms should be able to regain access because of Sunday’s decision by the Federal Reserve and other regulators to make whole uninsured depositors at Silicon Valley Bank and another bank that was acquired Sunday get them.
| Pursue | Deposits (estimate) | % of cash/equivalents |
|---|---|---|
| roku | $487,000,000 | 26% |
| iRhythm Technologies | $54,500,000 | 26% |
| Cancer | $10,000,000 | 23% |
| bill stocks | $300,000,000 | 12% |
| Sangamo therapeutics | $34,400,000 | 11% |
| Ambarella | $17,000,000 | 8.2% |
| United States missile laboratory | $38,000,000 | 7.9% |
| Eiger BioPharmaceuticals | $8,300,000 | 6.9% |
| Ginkgo Bioworks stocks | $74,000,000 | 6% |
| Aehr test systems | Less than $2,500,000 | Less than 6% |
| Roblox | $150,000,000 | 5% |
| DigiInternational | $2,000,000 | 5% |
| Enanta Pharma | – | Less than 5% |
| stem | – | Less than 5% |
| cohu | $12,300,000 | 3.8% |
| Repair therapeutics | $6,878,000 | Less than 2% |
| Shattuck Labs | $2,300,000 | Less than 1.7% |
| IO Biotech | – | 1% |
| Lending Club | $21,000,000 | “Not material” |
| vimeo | Less than $250,000 | – |
Note: All figures are estimates and some are rounded. Some deposit figures have been estimated based on the company’s reported percentage of cash and equivalents held in SVB deposits. Some companies have stated either the dollar amount or the percentage of cash on hand, but not both.
Sources: the companies
Write to Peter Santilli at [email protected]
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