Mind Your Business - What is Going On with the Banking Industry - Brian Greer, Watauga Market President, Lifestore Bank
Mind Your Business - A Podcast Series produced by the Boone Area Chamber of Commerce
English - March 16, 2023 14:00 - 27 minutes - 19.2 MB - ★★★★★ - 9 ratingsGovernment Business Non-Profit boone nc boone high country nc mountains vision nwnc economic development watauga county nc Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
News of Silicon Valley Bank's collapse late last week jolted the banking industry and sent many people's anxiety levels to an elevated state as they contemplated the ramifications of more financial turmoil.
As this story continues to evolve on a national scale, having local context of the associated impacts of this recent instability is important for business owners and residents alike.
On this week's Mind Your Business, we visit with Brian Greer, Watauga Market President of LifeStore Bank. He explains the steps that led to the demise of Silicon Valley Bank, while also sharing the differences between banks like SVB compared to community and regional banks that are more prevalent in our marketplace. While providing reassuring remarks about confidence in the community banking system, Greer also explains the types of benchmarks in your personal or business banking habits that should motivate you to talk with your banker or financial planner, so potential issues can be avoided.
If you have questions about your coverage, or would like to learn more about FDIC insurance and how it works, we encourage you to access the following resources:
The podcast version of the program is made possible each week by Appalachian Commercial Real Estate and sponsored in part by Appalachian Regional Healthcare System.
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