MADRID, 20 Mar. (EUROPA PRESS) -

The Federal Deposit Insurance Corporation (FDIC) of the United States has decided to extend the bidding process to present offers for Silicon Valley Bridge Bank, an entity that groups the activities of the bank that had to be intervened on March 10.

In a statement, the banking regulator says there has been "substantial interest from various parties," adding that the FDIC and bidders need more time to explore all options in order to maximize value and achieve an optimal result.

Thus, to help simplify the bidding process and expand the pool of potential bidders, the FDIC will allow separate bids for Silicon Valley Bridge Bank and its subsidiary Silicon Valley Private Bank.

In this way, the FDIC will attend to the offers received by Silicon Valley Private Bank until Wednesday, March 22, and by Silicon Valley Bridge Bank until Friday, March 24.

In this sense, he explained that offers may be submitted by the complete banks or offers on the deposits or assets of the institutions, specifying that banking and non-banking financial firms may offer for the asset portfolios.