Georgia financial leaders on the collapse and rescue of Silicon Valley Bank and Signature Bank
In the aftermath of the federal government’s recent move to rescue Silicon Valley Bank and Signature Bank from bank failure, all eyes are on the banking industry.
On Monday’s edition of “Closer Look,” the leaders of the Georgia Bankers Association, told show host Rose Scott that Georgia’s banking environment is stable and depositors are protected.
“Georgia banks are very different than the banks that went through closure back in March,” said David Oliver, the executive vice president and COO of the Georgia Bankers Association.
Oliver and Joe Brannen, the president and CEO of the Georgia Bankers Association further discussed the recent banking scare and its potential connection to a possible recession.
Scott then talked with John McNair, the president and CEO of chief executive officer of the Community Bankers Association of Georgia, and Harold Reynolds, the president and CEO of Bank South.
They told Scott about the state of local banking amid the rise of inflation and economic uncertainty.
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