DISTANT BANK FAILURES A THREAT?
March 23, 2023
Silicon Valley Bank and Signature Bank are more than a thousand miles from Kimball County’s FirsTier Bank, Points West Community Bank and Kimball State Bank, and their practices and depositors remain as distant as their location.
But the question arises here and across the nation: Could the troubles at those distant banks spread elsewhere?
These two banks on both coasts have succumbed to financial failure recently; Silicon Valley Bank in California and Signature Bank in New York closed their doors on March 10 and March 12, respectively. These large banks are the first two to fail in 2023...
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