A run on a Bay Area bank with billions in deposits prompted state regulators to close it Friday, according to court documents.

Santa Clara-based Silicon Valley Bank, which Forbes named last year as one of America’s best banks, was shut down by the California Department of Financial Protection and Innovation.

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Keith Burbank is currently a fulltime reporter covering Alameda County and Oakland news for Bay City News. He has also worked on the Data Points project for Local News Matters, finding trends and stories about the region through data. In 2019, he was a California Fellow at the USC Annenberg Center for Health Journalism, producing a series about homeless deaths in Santa Clara County. He worked as a swing shift editor for the newswire for several years as well. Outside of journalism, Keith enjoys computer programming, math, economics and music.