Sound Community Bank Archives

Banks will pay the cost of SVB's collapse, and maybe that's "how it should be"

by Kai Ryssdal and Sean McHenry

Mar 13, 2023

As the government moved to backstop depositors affected by the collapse of Silicon Valley Bank and Signature Bank, surviving banks will end up footing the costs, says Laurie Stewart at Sound Community Bank in Seattle.

The federal government announced it would ensure that depositors affected by Silicon Valley Bank's collapse would be made whole. "I'm really happy for them," said Laurie Stewart. "But here's the thing: we're gonna pay for it. Banks are going to pay for it."

Justin Sullivan/Getty Images

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After a year on the PPP front lines, a community banker is seeing confidence return

by Kai Ryssdal and Sean McHenry

Apr 13, 2021

PPP loans have produced great results, says Seattle banker Laurie Stewart. She's optimistic about demand rising without inflation.

The interior of the Woolly Mammoth shoe store in Seattle, where Laurie Stewart's Sound Community Bank is based.

Karen Ducey/Getty Images

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Banks will pay the cost of SVB's collapse, and maybe that's "how it should be"

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Banks will pay the cost of SVB's collapse, and maybe that's "how it should be"

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