WXXI News
Following the collapse of Silicon Valley Bank (SVB), there has been speculation regarding the health and future of midsize and regional banks. According to the New York Times, SVB’s failure “sent the stocks of more than a dozen small and midsize banks reeling on Monday, but they rebounded on Tuesday.”
This hour, we talk with financial experts about the takeaways from SVB’s collapse and what banking customers need to know. Our guests:
- Chuck Wade, senior vice president of Brighton Securities
- Frank Hamlin, president and CEO of Canandaigua National Bank
- Vince Yacuzzo, CFO of Canandaigua National Bank
- Gwen Crawford, director of retail operations for Canandaigua National Bank
