SVB Loans, Deposits Shrank in Q4

Silicon Valley Bank recorded lower deposits and loans in the fourth quarter of last year as the nation’s innovation economy continues to suffer under the weight of higher interest rates and investor expectations.

Asheville, TN, USA-11 April 2021: A large, monolithic sign identifying the First Citizens Bank in downtown.

Lynch, Pressley Push First Citizens on Affordable Housing

With affordable housing developers nervous about losing what was a key source of financing thanks to the collapse of Silicon Valley Bank, nearly the entire Massachusetts congressional delegation is urging the bank’s buyer to follow through on SVB’s commitments to affordable housing projects.