The Iowa Podcast - Bank Iowa CEO on SVB Crisis and Impact on Iowans

March 15, 2023


It's no secret when you talk about money, people get nervous, and if you add terms like bank run or bank closure, everyones stomach drops. After last week's bank failures, many ask, "How did this happen?" and "Will this happen here in Iowa." This podcast hopes to answer some of those questions.

Listen along as Jim and Justin walk through how long-term bonds, high-interest rates, and a bank run caused the perfect storm forcing the FDIC to close Silicon Valley Bank's doors. Their discussion goes on to include how Iowans will remain primarily unscathed thanks to conservative banking practices in locally-owned Iowa banks and the new Bank Term Funding Program through the Federal Reserve.

Listen to the full podcast here or check out The Iowa Podcast.