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From YouTube: 3/29/23 Briefing on Recent Bank Developments with OEOI
Description
Join the Mayor's Office of Economic Opportunity & Inclusion alongside representatives from local law firms Dain Torpy and Foley Hoag to discuss recent bank developments, including what happened with the collapse of SVB and other banks, what the current situation is, and what resources are available for small businesses, residents, and the startup and affordable housing communities that have been affected.
A
Just
to
let
you
know
that
this
is
the
first
of
a
series
of
conversations
that
the
city
wants
to
hold
just
a
space
to
be
able
to
share
information,
to
gather
any
concerns,
challenges
or
ideas
that
are
coming
from
your
side
to
be
able
to
think
about
and
noodle
on
here
at
the
city,
to
put
some
ideas
together
on
how
we
can
best
to
support
you.
So
with
that,
I
will
turn
the
floor
over
to
Aaliyah
and
we
will
get
this
conversation
started
so
again.
Thank
you
all
for
being
here
today.
B
Thanks
Chief
and
thank
you,
everyone
for
joining
us
today
or
for
those
who
are
watching
the
recording,
we're
so
excited
to
have
Jennifer
Audi
our
corporate
partner
at
fully
Hoag
and
Mike
McDermott
who's,
an
attorney
and
director
at
Dane,
torpy
I'll.
Let
them
introduce
themselves
as
well,
and
they
are
two
co-hosts
today
here
to
help
share
their
knowledge
of
the
recent
banking
developments
and
then
some
best
practices.
And
what's
next
for
you,
your
business
and
whatever
industry,
you're
part
of
and
Shanice,
is
our
presentation,
Guru.
B
C
C
Obviously,
A
lot's
changed
in
the
past
three
weeks,
so
it's
going
to
walk
us
through
a
timeline
on
what
actually
happened
and
before
I
start.
Let
me
just
say:
I
am
an
attorney.
None
of
what
we're
talking
about
today
is
a
specific
legal
advice.
This
is
General
commentary
and
you
know
for
specific
legal
advice
applicable
to
your
situation,
always
consult
an
attorney
directly.
C
So
what
happened-
and
this
is
just
to
give
an
overview-
we've
heard
a
lot
about-
what's
unfolded
in
the
news,
so
on
Wednesday.
What
really
kicked
this
whole
thing
off.
Wednesday
March,
8th,
silvergate
Capital,
which
was
really
a
bank
focused
on
crypto,
is
for
forced
to
close
at
the
same
time,
which
was
really
bad
timing.
C
Svb
announced
that
it
had
to
raise
about
two
billion
dollars
and
it
had
to
sell
a
big
portion
of
its
Bond
portfolio
at
a
loss,
and
so
then
Moody
downgrades
the
bond
rating.
So
that's
not
good.
Thursday
morning
the
VC
Community
across
the
U.S
starts
to
panic
on
social
media.
Vcs
are
telling
high
profile
BCS,
who
have
a
large
presence
on
social
media,
are
urging
their
portfolio
companies
to
get
their
money
out
of
the
bank,
the
stock
price
of
svb
plummets
by
about
60,
and
we
have
an
old
school.
C
The
chaos
continues
Thursday
night
all
through
Friday
morning
with
people
trying
to
get
money
out.
There's
a
lot
of
frantic
calls
to
us,
as
the
lawyers
asking.
If
they
can
do
it,
11
52
a.m.
A
timestamp,
I'll,
never
forget,
FDIC
comes
in
shuts
down
the
bank.
So
it's
done
it's
closed,
and
this
is
pretty
unusual
when
they
do
these
Bank
shutdowns
they're
usually
done
on
the
weekend
after
business
closes
on
Friday,
but
they
took
action
to
shut
it
down
midday
on
Friday.
C
C
Sunday
was
an
odd
mix
of
emotion.
Sunday
morning
there
were
Regulators
on
the
Sunday
morning.
Talk
show
saying:
there's
going
to
be
no
bailout
for
these
Banks.
Everyone
has
to
figure
something
out
and
then
Sunday
evening
at
about
six
o'clock,
we
get
an
announcement
that
actually
the
full
amount
of
all
the
deposits
are
going
to
be
completely
insured.
C
The
bank
will
open
on
Monday
and
you
can
go
get
your
money
and
the
assets
of
svb
were
transferred
to
a
bridge
bank
that
would
open
for
business
as
usual
on
Monday,
so
a
very
wild
and
chaotic
three
days
very
stressful
for
small
businesses
and
big
businesses.
This
hit
everyone
from
the
little
startup
in
a
garage
to
large
public
company,
so
there
was
a
lot
of
disruption.
C
C
C
They
had
to
sell
some
off
to
cover
deposits
to
meet
with
regulations,
and
this
just
created
this
Snowball
Effect
of
you
know
they
were
selling
these
bonds
at
a
loss
because
they
had
to,
and
meanwhile
they
couldn't
get
new
funding
in,
because
all
this
funding
that
was
going
to
these
startups,
that
I
think,
as
everybody
had
been
hearing,
have
a
hard
time.
Fundraising
right
now
had
dried
up
and
there
were
not
as
many
loans
going
out.
So
it
was
a
very
strange
position
for
them
to
be.
C
In
you
know
the
VCS
were
telling
everyone
to
pull
their
money
out.
Some
people
had
loyalties.
You
know
svb's
in
their
bank
for
ages.
They
lent
the
money,
so
they
didn't
want
to
be
the
last
ones
holding
the
bag,
but
they
also
didn't
want
to
pull
out.
So
there
was
a
lot
of
strange
situations
at
play
here
and
it's
sort
of
made
for
the
The
Perfect
Storm
that
resulted
in
this
unprecedented
shutdown
of
SBB
and
I'll
just
say
we're
talking
about
svb
I'm
kind
of
using
it
for
shorthand.
C
C
D
Yeah
I
I
appreciate
the
history
here
and
I'm
Mike
McDermott
I
am
a
litigation
partner
at
the
law.
Firm
Dane
torpy
also
also
here,
to
offer
some
general
commentary
and
hopefully
answer
some
generalized
questions,
provide
some
answers
to
some
generalized
questions.
I
think
one
of
the
things
that
you'll
hear
throughout
today
and
and
the
answers
and
anytime
you
try
to
look
something
up.
Is
this
situation?
Has
some
unique
features?
Every
single
businesses
or
individuals
plan
is
fact
specific
business
specific
industry
specific.
D
So
there
are
bankers
and
lawyers
and
treasury
Specialists,
who
are
offering
advice
here,
and
it
becomes
specific
on
what
you
do
where
you're
located
and
what
you
need
access
to
funds
for
or
what
your
documents
provide.
A
couple
of
things
going
back
to
that
timeline
that
Jennifer
went
over
and
what
it
looked
like
in
the
real
world
is
that
one
of
the
things
that
happened
was
Moody's
reduced.
The
bond
rating
of
the
bank
and
Banks
are
rated.
They
are
provided
at
a
certain
score
by
three
different
agencies.
D
So
this
is
an
example
where
a
lot
of
businesses,
a
lot
of
individuals,
aren't
necessarily
thinking
about
their
Bank
on
a
day-to-day
basis
and
how
this
situation
could
come
up,
even
if
you
weren't
an
svb
client,
and
why
some
of
these
best
practices
and
tips
are
important
for
you,
as
you
go
around
about
your
business
and
try
to
avoid
this
situation
in
the
future,
so
that
first
one
is
evaluating
the
stability
of
regional
Banks.
There
are
these
Bank
rating
agencies.
D
So
Jennifer
was
talking
about
the
type
of
bond
or
other
assets
that
SUV
had
behind
it.
That
created
this
situation,
and
so
you
can
see
which
banks
have
more
conservative,
stable
assets,
tracking
the
money
versus
those
that
have
them
in
bonds
or
other
areas.
That
may
create
again
this
situation
and
that's
something
that
most
businesses
would
not
have
thought
of
until
today.
But
one
other
note
here
in
the
best
practices
is
regional.
Banks
are
still
important.
D
There
has
been
what's
called
a
flight
to
the
big
four
recently
as
people
pull
their
money
out
of
svb
or
for
other
Regional
Banks
thinking
that
they
are
not
stable
and
risky
and
bringing
them
to
a
Bank
of
America
or
another.
Large
Bank,
Regional
Banks,
especially
in
the
city
of
Boston,
are
really
important.
D
That's
who's
lending
to
the
condominium
associations,
to
the
affordable
housing
developers
to
the
community
groups
and
the
non-profits
that
may
not
have
the
capital
or
meet
all
the
criteria
for
a
standard
loan
or
credit
arrangement
with
a
larger
bank,
and
so
Regional
Banks
need
to
be
invested
in
and
supported,
and
there
are
ways
looking
at
the
stability
of
the
Regional
Bank,
the
information
that
they
put
out
quarterly
and
taking
some
own
steps
with
your
accounts
that
you
can
keep
using
Regional
banks
in
a
safe
way.
That
allows
that
to
be
an
opportunity
for
our
communities.
C
Yeah
and
I
think
you
know,
as
people
are
thinking
about
this
right,
what
do
they
do
with
their
cash
I
think
you
know,
as
Mike
said,
it's
sort
of
the
banks
just
sort
of
worked,
and
so
nobody
was
really
focusing
on
cash
management
and
I.
Think
now
there's
a
lot
more
focus
on
where,
where
is
my
cash?
What
am
I
doing
with
it?
C
You
know
we,
we
had
some
eye-opening
conversations
with
clients
who
were
keeping
just
a
lot
of
money
in
a
deposit
account
just
a
plain
deposit
account,
and
so
you
know
now
I
think
people
are
having
the
conversations
of
diversifying
where
they're
keeping
their
money
setting
up
sweep
accounts.
All
things
like
that
so
important
focused
on
cash
management,
which
is
great,
you
know,
I,
think
there's
some
practical
considerations
before
you
move
your
money.
C
D
And
and
one
thing
that
Jennifer
just
mentioned
those
cash,
Management,
Services
or
treasury,
Management
Services
are
something
that
small
businesses
startups.
Even
larger
businesses
may
not
always
think
about,
but
again
are
another
lesson
from
what's
occurred
here,
because
svb
had
its
FDIC
takeover
on
a
Friday
in
the
middle
of
the
month.
A
lot
of
businesses
got
caught
up
in
it
either
because
they
had
money
in
their
accounts
going
to
payroll
or
because
they
worked
with
third-party
payroll
services.
C
Yeah
and
to
to
pick
up,
you
know
something
you
you
touched
on
there
on
payroll
right.
This
is
what
everyone
was
freaking
out
about,
because
they
had
to
make
payroll
and,
as
you
said,
the
timing
mid-month
that's
when
people
get
paid
and
the
reason
that
was
top
of
mind
for
everyone
was
because
there's
actual
real
liabilities
for
missing
payroll
and
there's
really
no
exceptions.
C
I
think
we've
now
heard
from
various
States
attorney
generals
that
you
know
they
were
not
going
to
enforce
actions
because
of
missed
payroll
because
of
SBB,
but
we
didn't
know
that
at
the
time
and
there's
actually
direct
personal
liability
to
directors
and
officers
of
companies.
If
you
do
not
pay
your
employees,
when
you
say
you
are
going
to
pay
them,
and
that
is
true
all
day
every
day.
So
that's
just
a
general.
C
D
And
that
certainly,
is
something
that
you
know
my
clients,
experience
and
and
businesses
I
work
with
or
are
employed
by
experience
as
well-
and
you
know
a
couple
other
of
items
on
that
that
came
out
is
the
flexibility
on.
When
you
can
time.
Payroll
is
a
very
small
window
on
when
it
regularly
goes
out
on
what
that
payroll
date
is
defined
for
the
employee.
Again,
we
did
hear
about
this
prosecutorial
discretion
that
AGS
may
not
prosecute
a
missed
or
late
payment
in
this
situation.
D
B
And
just
to
give
some
I
want
to
make
sure
we
have
time
for
questions
from
the
folks
that
are
online
and
also
from
us,
but
before
that,
what
resources
do
you
both
know
about
that
are
for
local
businesses
or
anyone
really
that
were
either
affected
by
SBB
or
any
other
bank
I
mean
I
heard
a
little
bit
about
the
Boston
Public
Library
from
Eugen?
If
you
want
to
share
more
about
the
partnership
there
with
Foley
Hoag
I,
think
that
would
be
helpful
too.
C
Yeah
sure
so
I,
you
know
there's
so
many
resources
in
the
in
the
city
for
sure
one
that
we
work
with
is
Boston
Public
Library.
If
you're
a
resident
of
Boston,
you
can
go
to
the
BPL,
they
have
an
entrepreneurship
Center
with
all
kinds
of
resources.
They
have
an
entrepreneur
in
Residence.
They
have
accounting
firms.
Come
they
have
law
firms.
Our
firm
is
one
of
them.
Where
you
can
book
pro
bono.
C
You
know
legal
counseling
to
just
help
your
small
business
either
get
started
or
answer
questions,
or
you
know
they
have
people
who
will
help
you
file
for
a
patent
or
trademark,
or
things
like
that
and
you
know
I
always
direct
people
to
the
local
office
of
the
U.S
small
business
administration.
That's
another
great
resource,
so
you
don't
have
to
you.
B
Yeah
I
can
share
a
little
bit
more
about
that.
The
small
business
team
in
our
cabinet
has
a
whole
technical
assistance
program
for
small
businesses,
especially
if
your
small
business
is
in
an
area
that
would
be
a
qualified
census
tract
area.
So
if
you
do
need
help
with
you
know
any
of
the
services,
you
know
that
you
can
get
at
the
BPL
or
at
the
city,
accounting
legal
assistance,
branding
marketing
support.
B
We
have
services
for
you
there
too,
and
then,
if
you
are
a
startup
or
a
tech
company,
Shanice
who's,
also
on
the
call
can
help
connect
you
with
resources
and
all
the
folks
that
we
talk
to
in
those
Industries
and
we're
a
great
connector,
and
we
engage
with
all
types
of
businesses
in
all
types
of
sectors.
So
we're
we're
always
happy
to
get
a
call
or
an
email
from
anyone
who
wants
Assistance
Plus,
there's
a
bunch
of
business
associations
out
there
and
organizations
that
serve
businesses
and
I
listed
a
few
on
this
slide.
B
Beckham
amplify
latinx,
startup,
Boston,
small
business
strong.
These
are
all
great
organizations
to
just
get
linked
into
because
they
have
webinars
just
like
this
one.
They
had
one
I
started
Boston
had
one
this
morning
and
we
we
worked
with
them
and
collaborate
frequently
and
then
before
wait
Shanice.
Can
you
go
to
the
next
slide?
Really
quick
thanks.
B
So
really
the
question
from
our
end
and
for
most
folks
that
we
talk
to
is
what's
next
and
a
good
question
to
start
off
is
what
does
the
future
of
early
stage
investment
look
like,
especially
for
bypoc
and
women-owned
startup,
Founders
and
business
owners,
especially
with
the
absence
of
svb,
which
was
a
huge
player
in
the
space.
They
had
a
big
location
in
downtown
Boston
and
they
held
a
lot
of
events
in
that
space
for
startups.
C
Yeah
I
think
you
know
it's.
It
took
a
hit
for
sure
from
everything
that
happened
with
svb.
You
know,
I
think
it's
gonna
be.
We
were
already
sort
of
in
you
know
a
little
bit
of
a
winter
of
investment
right,
the
the
VC
Investments
slowed
down,
especially
in
life
sciences
companies,
tech
companies
also
slowed
down,
so
these
startup
companies
were
already
struggling,
and
then
we
had
one
of
the
biggest
supporters
svb
fall
down
and
they
were
a
huge
supporter
of
the
Innovation
economy
in
Boston.
C
It
was
their
focus,
they
understood
it,
which
is
why
people
really
liked
it.
They
understood
the
risk
and
they
were
willing
to
make
that
investment,
I,
I,
think
and
now
I'm
I'm
sort
of
speculating
based
on
what
I've
seen
so
far
and
and
what
I
I
think
will
happen
and
talking
to
people
I
think
it
will
continue.
I
think
it
will
be
Diversified,
there's
a
lot
of
other
players
who
want
to
get
into
this
space
who
have
been
trying
to
get
into
this
space.
C
I
think
the
svb
void
will
open
up
room
for
them
to
come
in,
which
is
good,
I.
Think
people
will
start.
Looking
to
other
sources,
maybe
some
non-bank
lenders
who
are
in
the
space,
the
the
flip
side,
is
there
they're,
usually
more
expensive,
where
they'll
have
to
really
go
out
and
raise
that
another
round
of
equity
which
might
be
a
Down
Round.
It
might
dilute
your
ownership
a
little
bit
but
I
think
you
know
the
the
interest
and
the
support
for
the
startup
community
in
Boston
is
so
strong
and
I.
C
Think
if
anything
good
came
out
of
this,
it
was
actually
seeing
small
businesses
and
startups
on
the
local
news,
because
they
were
so
impacted,
and
you
saw
all
of
these.
You
know
real
people
struggling
because
of
this
and
I
think
at
first.
There
was
this
impression
that
oh,
it's
svb,
that's
a
bunch
of
venture
capitalists
out
in
California.
Well,
no,
it's
your
neighbor,
who
you
know
is
the
operations
manager
at
a
new
startup
trying
to
develop
a
cancer
drug
right
and
how
it
impacted
the
local
communities
and
I
I.
C
Think
there's
been
so
much
conversation
around
that
which
is
great,
I.
Think
the
interest
in
what's
going
on
and
what's
being
developed
in
Boston
is
so
strong.
We
have
such
a
great,
you
know,
Community
here
on
life
sciences
and
Tech,
that
I'm
very
optimistic
I
think
it's
just
a
matter
of
getting
that
dry
powder
out
of
the
hands
of
the
investors
into
these
businesses.
And
hopefully
you
know
there
will
be
other
players
who
step
up
to
to
fill
that
spot
by
svb.
C
D
The
the
elephant
in
the
room
is
no
longer
there.
It
creates
the
space
for
them
to
learn
from
what
Boston
private
did
over
four
decades
and
create
their
own
programs
and
set
up
their
own
Brands.
So
there
is
an
opportunity
that
working
with
regional
Banks
and
having
support
and
incentive
through
local
governments,
we
can
move
in
that
direction
in
the
development,
real
estate
and
development
space
to
have
those
new
competitors
and
new
opportunities
here
in
Boston.
B
E
Thank
you
earlier
and
and
I
would
have
to
say
that
Michael
really
touched
on
right
and
this,
and
these
are
some
of
the
challenges
that
we
found
on
the
local
scale,
and
my
concern
is:
what
does
this
look
like
in
the
future?
You
know
going
forward.
What
are
the
challenges
going
to
be
to
underwriting
some
of
these
deals
and
and
the
accessibility
moving
forward?
Is
there
any
thought
or
or
do
you
have
any
idea
of
what
some
of
these
you
know,
sort
of
new
players
in
this
space
Maybe?
Looking
at
Michael.
D
But
I
do
think
Boston
private's
history
here
and
if
you
reach
back
into
the
80s
and
the
90s
as
they
were
developing,
those
programs
provide
a
blueprint
that
other
Banks
other
lenders.
Other
other
government
agencies
can
look
at.
Certainly
there
is
a
dire
need
for
this
type
of
financing
and
not
just
on
the
construction
side,
but
on
the
home
buying
side
as
well
for
financing
the
actual
purchase
of
affordable
units
or
market
rate
units
that
are
at
a
lower.
D
You
know
strata
for
for
cost
and
purchasing
power,
and
the
other
thing
just
to
remember
is
as
of
right
now,
with
the
svb
bridge
bank
and
with
First
Citizens,
which
assumed
and
purchased
Silicon
Valley
Bank.
The
existing
lines
of
credit
and
financing
opportunities
are
still
there.
So
if
you
had
an
affordable
housing
financing,
project
or
program
that
is
still
available
to
you
through
the
way
these
the
Assumption
occurred.
It's
now
in
North
Carolina
a
North
Carolina
Bank
doing
it,
but
it
is.
F
D
C
And
actually
just
a
note
about
that
assumption,
I'm
glad
you
mentioned
that
we
forgot
to
provide
that
important
update
right.
So
yesterday
I
think
it
was
yesterday.
We
learned
that
First
Citizens
assumed
basically
the
entire
portfolio
of
svb.
A
very
important
announcement
that
came
out
of
that
is
the
FDIC.
Insurance
is
now
back
to
250
right.
So
for
a
few
weeks
there
everyone
was
saying:
svb
is
the
safest
place
to
hold
your
money
because
there
was
no
limit
on
what's
insured.
C
B
C
Yeah
I
mean
I
think
so
every
situation
is
going
to
be
different
for
sure
you
know,
I
would
say.
The
first
thing
you
have
to
do
is
check
if
you
have
a
loan
and
you
want
to
move
it
over
check
those
existing
documents,
usually
there's
a
prepayment
fee
or
some
kind
of
penalty.
If
you
refinance
too
early,
it
might
be
worth
it.
C
That
said
now
is
a
very
interesting
time
to
be
shopping
for
debt,
because
everybody's
trying
to
you
know
pick
up
some
of
this
business,
so
I
would
say,
would
I
tell
everybody
even
before
this
happened,
get
multiple
term
sheets,
not
just
one
term
sheet.
Compare
them
talk
to
your
lawyers,
accountants,
the
small
business
administration,
they'll
they'll,
help
you
figure
out.
What's
the
best
term
and
then
just
you
know,
think
about
the
relationship
with
your
bank.
I
think
you
know,
as
Mike
mentioned
there
was
this.
C
This
move
to
get
everybody
I,
think
a
move
where
everybody
started
going
to
the
bigger
Banks
for
security.
But
do
they
understand
your
business?
Do
they
understand
you?
Are
you
going
to
get
the
level
of
attention
that
you
you
know,
may
have
gotten
somewhere
else
if
you're
at
a
smaller
Bank?
So
those
are
all
it
just
it's
a
multi-factor
decision,
I
think.
D
I
think
that
that's
great
and
and
from
some
of
the
experience
we've
have
observed
and
been
involved
with
again
that
that
face-to-face
or
direct
communication
is
really
important.
We've
seen
some
Regional
Banks
who
are
willing
to
sit
down
with
small
businesses,
smaller
businesses
startups
and
see
what
their
prior
terms
were
at
svb,
and
maybe
they
couldn't
match
it,
but
at
least
have
the
conversation
of
how
they
could
be
most
competitive,
and
so
that
goes
to
Jennifer's
Commons,
but
really
shopping
around
and
trying
to
get
the
same
rates
and
reduce
the
same
fees.
We.
D
D
Wouldn't
give
you
the
time
to
speak
with
your
lawyer
or
Banker
about
fees,
or
you
know,
penalties
for
closing
too
soon,
and
that
could
certainly
create
a
situation
where
a
check
that
you
previously
wrote
or
a
wire
that's
coming
in,
would
have
some
sort
of
bounce
back.
That
would
raise
questions
from
a
client,
a
vendor.
Someone
else
or
you
may
have
needed
to
leave
that
lag
time.
B
F
C
C
If
you're
a
cannabis
company,
for
example,
there's
a
limit
to
which
banks
you
can
use
you've
got
to
use
a
local
bank
if
you're
sending
a
lot
of
wires
back
and
forth.
That
might
be
something
and
how
much
are
those
fees
so
I
would
say
the
first
thing
I
tell
people
is
like:
how
are
you
going
to
use
your
bank?
What
do
you
actually
need
to
do
and
then
kind
of
going
in
with
a
list
of
you
know?
C
This
is
what
I'm
gonna
need,
and
this
is
what
I
might
need
in
the
future.
I
might
need
a
business
business
loan,
not
right
now,
but
you
know
if
I
did.
What
can
you
offer
me,
but
you
know
instead
of
just
I,
think
what
we
see
is
a
lot
of
people.
They've
got
a
personal
bank
account
at
such
and
such
bank,
so
they
just
go
there
for
their
business.
D
And
I
think
svb
has
gotten
some
attention
because
they
were
so
focused
on
the
tech
or
the
startup
sector,
and
so
you
there's
been
commentary
about
a
bank
being
too
focused
or
too
prioritized
in
one
sector
which
could
be
true,
but
when
you're
looking
at
Banks
the
industry
they
work
with
is
important.
Law
firms
have
to
work
with
banks
that
know
how
to
operate.
D
What's
called
Iota
accounts,
a
very
specific
type
of
trustee
account
where
they're
holding
client
funds,
and
there
are
other
industries
that
have
kind
of
banking,
specific
or
relationship
specific
questions
that
they
should
be
asking
the
bank.
So
if
it's
a
bank
established
in
that
industry,
that
would
be
something
to
think
about
about
how
we'd
use
the
bank.
D
We
talked
a
little
bit
about
how
to
look
to
see
if
this
bank
is
a
risky
bank
or
has
assets
behind
it,
or
would
it
be
subject
to
a
similar
Bank
Run
that
is
starting
to
really
get
into
the
weeds
and
not
something
that
most
people
are
going
to
think
to
do.
We've
learned
these
lessons,
and
so
you
can
look
at
call
reports.
B
Awesome
well,
thank
you
both
for
being
here,
we
did
record
this
whole
webinar
and
we
did
have
a
lot
of
people
fill
out.
An
initial
survey
that
we
put
out
when
the
svb
situation
happened
initially
and
I
was
saying
earlier
feels
like
so
long
ago,
but
it
really
wasn't
so
we
will
share
that
this
webinar
with
them
and
anybody
else
who
may
have
questions
can
reach
out
to
me
or
Shanice.
B
Our
email
addresses
are
here
on
the
slide
and
we're
happy
to
connect
them
with
you,
either
of
you
or
anyone
else
that
we
think
might
be
helpful.
So
thank
you
again
for
sharing
so
much
knowledge
and
I'm
sure
we'll
be
in
touch
as
sugan
said,
our
chief.
We
will
be
doing
more
of
these
in
you
know
the
banking
ecosystem
locally
nationally.
B
E
If
the
chief
has
anything
to
say,
I
just
want
to
thank
everyone
for
their
time
on
this
very,
very
sensitive
subject
matter,
I.
Think
the
information
and
contact
that
we
received
today
will
at
least
put
some
folks
a
little
bit
more
at
ease,
allow
for
us
to
identify
and
tap
into
some
of
those
resources
that
have
been
shared
with
folks
today.