SVB Financial in Santa Clara, Calif., is exploring strategic options for its businesses that were not seized by regulators on Friday.
SVB said in a press release that its board had formed a restructuring committee consisting of five independent directors to review options for the holding company and units SVB Capital and SVB Securities.
SVB Capital is a venture capital and private credit fund platform, while SVB Securities is an investment bank that serves the innovation economy.
The committee will also explore alternatives to address about $3 billion of funded debt held by the holding company.
Centerview Partners, Sullivan and Cromwell and Alvarez & Marsal are advising SVB.