Our ability to process your payroll is not affected by the closure of Silicon Valley and Signature Banks
Monday, March 13, 2023
SurePayroll Statement on Silicon Valley Bank and Signature Bank Closures
We’re here for our SurePayroll customers.
Our ability to process payroll is unaffected by the closures of Silicon Valley Bank (SVB) and Signature Bank.
We empathize with all our customers whose lives and businesses have been disrupted by this situation.
We’re encouraged by today’s news that the FDIC acted to protect all depositors by transferring assets of the former SVB and Signature banks to two newly created, full-service FDIC-operated bridge banks. The bridge banks—Silicon Valley Bank, N.A. and Signature Bridge Bank, N.A.—open today, and all depositors will have full access to their funds by ATM, debit card and checks in the same manner as before. According to the FDIC, official bank checks will continue to clear.
For current SurePayroll customers, please contact us by visiting the “Contact Us” link under the Help section of your payroll account or by calling 877.956.7873/Press 3.
We're experienced and reliable. You can trust SurePayroll. Book a chat with one of our reps or call 877.956.7873/Press 1 to learn more about how we can help your business succeed.
FDIC Resources & Information
Silicon Valley Bank, Santa Clara, California, Bank Failure Information
Signature Bank, New York, NY, bank failure and bridge bank information, March 12, 2023
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC