CytoSorbents Corporation (CTSO) announced that it does not have any direct financial exposure to Silicon Valley Bank (SIVB) or Signature Bank (SBNY). CytoSorbents has diversified cash holdings in multiple financial institutions, both domestically and internationally. In the U.S., in cooperation with Bridge Bank, CytoSorbents currently holds the majority of its cash holdings at JP Morgan Chase (JPM) and a minority at Bridge Bank.
Published first on TheFly
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