At Frazier & Deeter, we understand that the recent banking crisis sparked by the Federal Deposit Insurance Corporation’s (FDIC) shutdown of Silicon Valley Bank (SVB) has created uncertainty amongst our clients and the technology community at large.
Our team is working to stay up-to-date with the latest news and impacts to the broader financial market. During this period of uncertainty, FD wants our clients to know that our team is here to help navigate the potential impacts to your company, including:
- Exploring potential new banking relationships. Our team is well connected to qualified lending institutions across the markets we serve.
- Refreshing treasury management. The collapse of multiple banks within the past week has brought to light potential risks within companies’ treasury management processes. We are here to help our clients rethink treasury management, including the systems and controls that help ensure companies have adequate safeguards in place.
- Distributing the latest updates as new information comes to light. Our team is actively involved in discussions with private equity firms and clients who have direct and indirect exposure to recent bank failures. We encourage you to reach out to your FD contact to discuss the latest outlook and how these recent events could impact your business.
We look forward to advising and supporting our clients as we navigate the current markets together.
Contact information for FD Technology Practice leaders:
Reid Blalock, Audit Partner | firstname.lastname@example.org
Mike Whitacre, Tax Partner | email@example.com
Gina Gondron, Advisory Partner | firstname.lastname@example.org
Malcolm Joy, Lead Partner, United Kingdom | email@example.com