There is every reason to trust your community banks today
Residents of small towns in Kansas might think that the much-talked-about banking crisis, currently in the headlines, might not affect them. For the most part, they would be correct. But bad practices at the Silicon Valley Bank and the Signature Bank found themselves unable to supply money to their depositors who were depending upon their funds to operate private businesses. Quick action by the Federal Reserve and FDIC led to action by the Federal Government to guarantee all deposits in both banks, and hopefully, avoid the same crisis among other lending institutions. While both banks have been seized and placed up [...]