Tim Mayopoulos has been appointed CEO of Silicon Valley Bank by the FDIC

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Tim Mayopoulos, the former CEO of Fannie Mae, has been selected by the Federal Deposit Insurance Corporation (FDIC) as the CEO of Silicon Valley Bank, a subsidiary of the defunct SVB Financial Group.

News Overview

• Prior to joining StartupBlend, Mayopoulos was CEO of mortgage financier Fannie Mae for more than six years.

About Silicon Valley Bank

• Establishment - 1983

• Founder -Roger V Smith

• President - Gregory W. Baker

• Headquarters - Santa Clara, California (United States)

About the Federal Deposit Insurance Corporation (FDIC)

• Formed -1933

• Jurisdiction - United States federal government

• Founder - Franklin D. Roosevelt

• Headquarters - Washington, D.C. (United States)