The March 10 failure of Silicon Valley Bank (SVB) created a tornado of financial and governmental activity to the alarm and detriment of its customers, which include approximately 400 California winery customers. SVB had served as a significant bank partner to vineyards and winemakers, about 5% of its overall business, and was a leading lender for growth and expansion plans, sponsor of industry events and issuer of annual reports on the wine industry’s performance. SVB’s website stated it had loaned more than $4 billion to the wine industry since 1994, with around $1.2 billion currently in outstanding loans, according to its Q4 earnings release. In an unprecedented move, the FDIC and the Federal Reserve Board protected all depositors, who were able to access all their money starting March 13, stating “no losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” Shareholders and certain unsecured debtholders are not protected and senior management was removed.