Leading Independent Proxy Advisory Firm Glass Lewis globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Orange County-based publicly traded banks appeared to have weathered the March runs on deposits at regional banks, according to their recently reported first-quarter reports.
In the wake of spiking interest rates and surging deposit costs, bankers are looking for ways to scale back their overall expense bases to protect their bottom lines.
Within the span of three days, three regional banks collapsed, with the biggest by SVB Financial, the parent company of Silicon Valley Bank, which emphasized loans to tech companies.