Silicon Valley Bank collapse concerns founders of color

March 20, 2023

In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members. Questions flowed as the bank’s financial status worsened. Some desperately sought advice: Could they open an account at a larger bank without a Social Security Number? Others questioned whether they had to physically be at a bank to open an account, because they’re visiting parents overseas. One clear theme emerged: a deep concern about the broader impact on startups led by ...

Yellen: No federal bailout for collapsed Silicon Valley Bank

March 13, 2023

WILMINGTON, Del. — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who used the bank — known for its relationships with technology startups and venture capital — had more than that amount in their account. There are fears that some workers across the country won’t receive their paychecks. Yellen, in an interview with CBS’ ...

Staff completes leadership program at Citizens

March 13, 2023

NEW ULM — Citizens Bank Minnesota announces that six employees have completed the Citizens Development Program – The Leader Path, a program developed by the bank to provide personal and professional development for any employee who is looking to lead by example and to thrive in their ...

Furth appointed president, CEO at Capital Services

March 13, 2023

Alfred Furth has been appointed President and CEO of Capital Services, a credit card portfolio management company located in Sioux Falls, SD. Furth joined Capital in 2007 as a Portfolio Analyst while completing his Doctorate in Computational Science and Statistics from South Dakota State ...

Fischer receives GRI designation

February 20, 2023

SLEEPY EYE — Minnesota Realtor® Deb Fischer was recently awarded the national Graduate Realtor® Institute (GRI) designation. In completing the required curriculum of continuing education classes, covering subjects including professional standards, legal issues, sales and marketing, finance ...

Ant-Man opens big at box office with $104M for ‘Quantumania

February 20, 2023

NEW YORK — Phase five of the Marvel Cinematic Universe may have gotten off to a rocky start, but Ant-Man is bigger than ever at the box office. “Ant-Man and the Wasp: Quantumania” opened with $104 million in domestic ticket sales, according to studio estimates Sunday, easily surpassing the box-office debuts of the previous two Ant-Man films. The Walt Disney Co.’s “Quantumania” added another $121.3 million overseas to give the pint-sized hero a $225 million global launch. It’s easily the largest opening of the year so far. And “Quantumania” did so despite an ...