WASHINGTON, March 12 (Reuters) - The U.S. Federal
Deposit Insurance Corporation announced Sunday that it had
established a bridge bank to handle customer accounts at
recently closed Signature Bank .
The FDIC said the new, government-run institution will
ensure accounts operate uninterrupted while the regulator looks
to find a buyer for the shuttered bank's assets. Signature Bank
was closed earlier in the day as part of the fallout of bank
turmoil spurred by Silicon Valley Bank's abrupt closure Friday.
(Reporting by Pete Schroeder; Editing by Kim Coghill)
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