article thumbnail

6 Best Bank Reconciliation Software in 2024

Tech Republic

Bank reconciliation software programs help businesses automate the matching of their bank transactions with their bank register, ensuring the accuracy of their books. We review the six best bank reconciliation software for businesses.

Banking 83
article thumbnail

First Citizens Bank is buying Silicon Valley Bank’s deposits and loans

GeekWire

The deal with First Citizens may provide some market stability following a tumultuous past few weeks since Silicon Valley Bank went down. GeekWire Photo / Nate Bek) First Citizens Bank has agreed to purchase all deposits and loans of Silicon Valley Bank, the Federal Deposit Insurance Corporation announced late Sunday.

Banking 138
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Minh Le, former Silicon Valley Bank leader in Seattle, joins Stifel Bank as managing director

GeekWire

Minh Le, a longtime Silicon Valley Bank leader in the Seattle region, is joining Stifel Bank. GeekWire File Photo / Todd Bishop) Longtime Seattle-area tech mainstay Minh Le has joined Stifel Bank as managing director, following a 14-year career with Silicon Valley Bank. ” “It’s been uplifting and inspiring.

Banking 128
article thumbnail

Seattle VC firms tell startups to assess positions with Silicon Valley Bank amid funding concerns

GeekWire

(SVB Photo) Venture capital firms in Seattle are advising portfolio companies to reconsider their positions with Silicon Valley Bank amid potential funding troubles at the tech-focused bank. Shares of Silicon Valley Bank plummeted Thursday after the firm said it would book a $1.8 The bank is launching a $2.25

Banking 124
article thumbnail

Startup leaders sound off on the future of venture debt in fallout from Silicon Valley Bank collapse

GeekWire

Silicon Valley Bank’s motto, “Make Next Happen Now,” in neon inside its Portland, Ore., SVB Photo) Founders who had venture debt lines with Silicon Valley Bank are trying to find new types of loans or debt capital in the fallout of Silicon Valley Bank’s collapse. “Real talk. ” he said.

Banking 126
article thumbnail

Regulators close Silicon Valley Bank in stunning downfall for financial mainstay of tech industry

GeekWire

Employees based in Silicon Valley Bank’s downtown Seattle office were instructed to work from home after regulators announced Friday that they were taking over the bank. The downfall of SVB is being called the largest bank failure since the Great Recession. billion loss related to securities sales.

Banking 98
article thumbnail

Silicon Valley Bank says credit facilities will be honored amid concern over future of venture debt

GeekWire

Silicon Valley Bank was a leading provider of venture debt, used by startups to help support their balance sheets. Bigstock Image) As part of the rapid downfall of Silicon Valley Bank, questions swirled about the future of venture debt and whether startups would be able to access their loans. Absolutely not,” he said.

Banking 88