A third regional bank, First Republic Bank, collapsed last week, setting off renewed worries about the U.S. financial systems. The failure also shined a light on the health of small and specialty banks that many communities depend on for geographical and sometimes boutique-style convenience.
We look at the history of small banks and the role they play in contemporary banking.
Guests:
- Greg Ip, chief economics commentator at The Wall Street Journal
- Rob Gray, vice president and commercial relationship officer at Union Bank Co.
- Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America
- Kevin Boyce, founder of Adelphi Bank, a new Black-owned Columbus bank aimed at assisting under-served minority communities
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