With SVB’s Israeli office now appearing to be closed, it is unclear with whom Israeli companies should be in contact with from SVB to service their needs.

Additionally, anyone who was in the process of entering the U.S. market will need to look elsewhere to find a bank that can service their needs, and without a local Israeli presence this will likely complicate a process that until recently had been relatively streamlined at SVB.

The article, that appeared in the Jerusalem Post, with authored by Arnon, Tadmor-Levy partners Simon Weintraub, Avi Anouchi and associate Idan Adar.

Read the full article as it appeared in the Jerusalem Post here.