Friday, January 31, 2025

Dozens line up to get their money from Silicon Valley Bank

Dozens line up to get their money after Silicon Valley Bank closes
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By Joseph Geha. San José Spotlight v Bay City News.

In the wake of the tumultuous closing of Silicon Valley Bank and a weekend of uncertainty that has dominated national headlines, the local impact of the financial institution's collapse in the technology-driven region was clear to the dozens of people who lined up outside the bank's Santa Clara branch Monday.

They all expected to access their accounts and keep the lights on in their businesses.