Thanks to the fallout from the Silicon Valley Bank failure, Maine bankers are having to answer to financial problems that stemmed out of the tech industry. But Maine bankers say they the state's institutions are on safer ground.
We’ve all read or heard the news about the recent difficulties with Silicon Valley Bank (SVB) in California and Signature Bank in New York. As chair of the board and
Guest authors Blaine Boudreau and Jim Roche, banking industry officials in Maine, write that "what happened in California and New York is highly unlikely to ever happen here in Maine."
William Wood has a lengthy background in banking and customer service and began his career in lending before moving on to customer service and branch management.