Brief: Uwm Holdings Corp - Does Not Hold Cash Deposits Or Securities Or Maintain Any Accounts At Silicon Valley Bank, Silvergate Bank Or Signature Bank

UWM Holdings

14/03/2023 23:07

March 14 (Reuters) - UWM Holdings Corp  UWMC.N :
    * UWM HOLDINGS CORP - DOES NOT HOLD CASH DEPOSITS OR
SECURITIES OR
MAINTAIN ANY ACCOUNTS AT SILICON VALLEY BANK, SILVERGATE BANK OR
SIGNATURE BANK
    * UWM HOLDINGS CORP -  COMPANY HAS NO OTHER BUSINESS
RELATIONSHIPS
WITH SILICON VALLEY BANK, SILVERGATE BANK OR SIGNATURE BANK
    * UWM HOLDINGS CORP -  SUBSTANTIALLY ALL OF THE COMPANY’S
CORPORATE CASH ACCOUNTS ARE HELD WITH LARGE GLOBAL MONEY CENTER
BANKS
    * UWM HOLDINGS CORP -  ABOUT 90% OF THE COMPANY’S $9.3
BILLION
WAREHOUSE LINE CAPACITY IS WITH LARGE GLOBAL MONEY CENTER BANKS
OR THEIR AFFILIATES

Source text: [ID:https://m5.gs/TXdFck]
Further company coverage:  UWMC.N 

 ((Reuters.Briefs@thomsonreuters.com;))