Silicon Valley Bank & Signature possible connected banks

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March 15, 2023

by a searcher from University of North Texas in San Antonio, TX, USA

I am interested in finding out which banks may be linked to the recent collapse. If you have any information on this matter, including how to check if my own bank is affected, I would appreciate it.

Additionally, I am curious about the potential impact on internet banking institutions such as NOVO Bank, Axos Bank, and Middlesex Federal Savings. Does anyone have any insights on whether these banks may be affected as well?

Thank you for your assistance.

*This is a question I'm not able to get from internet searches and do not want to violate and FTC or Securities Laws.
Looking for answers as many are as well.

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Reply by a searcher
from University of North Texas in San Antonio, TX, USA
Sharing for my fellow searchers as I'm not seeing much on feeds....

(DISCLAIMER: This is for educational purposes only and not giving advice or suggestions.)

Came across an article describing SVB bank issues and a red flag called NIM or net interest margin. This is the spread between interest they receive on loans & investments vs the cost of business. Calculated every quarter, if not more, to ensure the bank is running in the right direction & used by regulators. Article also listed other banks, where info was available, whose NIM is contracting (losing money) vs expanding and may have issues. Could be fine as this is only a red flag and there may be other normal activities that cause this to occur.

Possible Problem Banks:

Customers Bancorp Inc. West Reading, Pa.
First Republic Bank San Francisco, Calif.
Sandy Spring Bancorp Inc. . Olney, Md
New York Community Bancorp Inc. Hicksville, N.Y.
First Foundation Inc. Dallas, Texas
Ally Financial Inc. Detroit, Mich.
Dime Community Bancshares Inc. Hauppauge, N.Y.
Pacific Premier Bancorp Inc. Irvine, Calif.
Prosperity Bancshares Inc. Houston, Texas
Columbia Financial Inc. Fair Lawn, N.J.

https://www.morningstar.com/news/marketwatch/###-###-#### /10-banks-that-may-face-trouble-in-the-wake-of-the-svb-financial-group-debacle
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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
There are a lot of articles out there describing Banks that are "in trouble", but I think some of that is misleading because the articles are making those calls on only a couple of ratios rather than looking at the overall health of the entire institution. I am not saying some of the Banks described about might not have some underlying issues, but what ultimately took down at least SVB was the run on the Bank. They did have some other underlying issues, but had there not been a run on the Bank they would not have gone down. They had sufficient equity, income, and capital. Below is a link to a newsletter we sent out on Tuesday. In that newsletter is a link to a podcast about what happened to SVB and why they went down. But further down is also information on how you can check the financials for your Bank. If you need that information, this is a good place to get it.

https://createsend.com/t/j-E740551D20EF9C682540EF23F30FEDED
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