Published On: Mon, Mar 27th, 2023

Banks Step Up to Serve Crypto Firms After Signature, Silvergate Blowups

Some banks are rolling out the welcome mat for cryptocurrency firms that found themselves in need of banking services after the

downfall of two big crypto-friendly lenders, Signature Bank and Silvergate Capital Corp.

As crypto companies have scrambled to establish new bank relationships, industry executives say they have received a positive reception from regional banks such as Customers Bancorp., based in West Reading, Pa., and Fifth Third Bancorp, based in Cincinnati.

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