tiprankstipranks
Cohu says it has deposit accounts with SVB with total balance of roughly $12.3M
The Fly

Cohu says it has deposit accounts with SVB with total balance of roughly $12.3M

In a regulatory filing, Cohu (COHU) said it is aware of media reports indicating that Silicon Valley Bank (SIVB) has been closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation as receiver. On March 10, 2023, the company announced that it has deposit accounts with SVB with an aggregate balance of approximately $12.3M, which is approximately 3.8% of the company’s total cash and investments.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on COHU:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles