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<p><strong>Stocks in regional banks declined sharply following Silicon Valley Bank’s collapse, but Oregon’s financial institutions are confident they would weather the storm. </strong></p>
In banking, consumer confidence is key. When depositors panic, they start pulling money out of their accounts, which is exactly what happened before Silicon Valley Bank’s recent failure.
33 PPP loans, one company: How a WA drive-thru coffee chain got millions in COVID-19 funds Kristine Sherred © Provided by KIRO Seattle A chain of drive-thru coffee stands in Western Washington received $2.5 million from the Paycheck Protection Program, a prime example of how the pandemic relief bill intended for small businesses benefited companies with deeper pockets and better financial connections. Bigfoot Java had more than 30 locations in seven Washington counties when the pandemic hit last spring, and each received an individual PPP loan, averaging $74,000. An associat...