SWFL banks’ different reactions to Silicon Valley Bank collapse

On Friday, March 10, Silicon Valley Bank of California failed.

The next business day, March 13, as banks opened across Southwest Florida, one local bank got ahead of the grim headlines by reassuring customers its capital was intact and there were no worries. Another local bank ignored the chaos across the country publicly but privately reassured concerned customers.

The apples of a bank that drowned in cryptocurrency and segments of the technology sector collapsing couldn’t compare to the oranges of diversified interests in Southwest Florida, said both William Blevins, president and CEO of Gulf Coast Business Bank in Fort Myers, and Patrick Philbin, chief financial officer of Edison National Bank in Fort Myers.

To read more at Gulfshore Business, click here.

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