NEW: Gavin Newsom And His Businesses Have Deep Ties To Bankrupt SVB

  • Three wineries owned by California Gov. Gavin Newsom are clients of Silicon Valley Bank, and the governor has maintained personal accounts at the institution “for years,” according to a Tuesday report from The Intercept.
  • The news that Newsom has had personal accounts at the bank was revealed by a former staffer who spoke to The Intercept on the condition of anonymity. The three Newsom-owned wineries, CADE, Odette and Plumpjack, are listed as clients on the bank’s website.
  • The report also said that a Silicon Valley Bank executive made a $100,000 donation to the California Partners Project — a charity founded by Newsom’s wife, Jennifer Siebel Newsom — at the behest of the governor and that a bank executive sits on the charity’s board of directors. 
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