Business Editor

Kevin Truong

‘They were the ecosystem,’ said one local commercial real estate leader of First Republic, which operated in San Francisco for close to 40 years.  


Affordable housing developers and City Hall officials are scrambling for answers after the feds shut down Silicon Valley Bank on Friday.

First Citizens said it wants to maintain SVB’s ties with tech and venture capital, but many are skeptical that the deal will help startups.   

At one point, pizza was delivered to workers sequestered inside the shuttered bank.

Tim Mayopoulos was being part of the new leadership team that joined Fannie Mae in the wake of the Great Financial Crisis