Silicon Valley Bank employees got $25 million worth of good news Tuesday.
That's about how much they had set aside in a stock purchase program to buy shares of parent company SVB Financial Group before the bank was seized by regulators last month and SVB Financial filed for bankruptcy a week later. The Federal Deposit Insurance Corp. has determined that money should be treated as insured deposits and returned to employees, according to a spokesperson for the agency. Affected workers will be reimbursed…
