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Home State News

SVB’s closure rocked banking world. Could it happen in South Dakota?

by Stu Whitney of South Dakota News Watch
April 2, 2023
in State News, Featured, News
Reading Time: 7 mins read
6 0
SVB’s closure rocked banking world. Could it happen in South Dakota?

At first glance, the forced closure of California-based Silicon Valley Bank and New York’s Signature Bank on March 10 – and the government action to quell the ensuing financial crisis – seemed worlds away from South Dakota’s banking industry. Silicon Valley and Signature were coastal entities servicing mainly technology startups, with billions of dollars in […]

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