The Federal Deposit Insurance Corporation (FDIC) has named former CEO and president Tim Mayopoulos as CEO of Silicon Valley Bank N.A., an FDIC-operated "bridge bank" meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB).While the FDIC - an independent government agency that insures bank deposits and overseas financial institutions - declined to comment on Mayopoulos' role, his career has been focused on financial and legal expertise.
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