> All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week.
So you'll get 250k plus an unspecified percentage of the other 93% of deposits the bank is holding. Startups have millions in SVB, it will be at least months before they have access to that.
Yep, the additional percentage paid out in advance will be based on the bank's books once the FDIC digs into it to estimate what can be recovered. The rest is after liquidation.
