I own all of these securities, thought it was a great article - and my theory was the major panic of these banks that have suffered so far were those that pay attention to the markets and social media very intently, such as VC firms causing panic overnight and looking at where to move their money. Zion specifically is located in an area …
I own all of these securities, thought it was a great article - and my theory was the major panic of these banks that have suffered so far were those that pay attention to the markets and social media very intently, such as VC firms causing panic overnight and looking at where to move their money. Zion specifically is located in an area where most people just want a bank they can walk into and speak with people and get a cashiers check written every once in a blue moon. its a "blue collar" bank where most people aren't in the same category as SIVB and that's why I don't believe a liquidity problem is something to worry too much about. My bullish case for Zion is that its located in Salt Lake City Utah which is seeing a lot of growth and spillover form California as of recently due to its corporate tax haven nature. I love the article Andrew and my colleagues and I enjoy listening to your podcast!!
I own all of these securities, thought it was a great article - and my theory was the major panic of these banks that have suffered so far were those that pay attention to the markets and social media very intently, such as VC firms causing panic overnight and looking at where to move their money. Zion specifically is located in an area where most people just want a bank they can walk into and speak with people and get a cashiers check written every once in a blue moon. its a "blue collar" bank where most people aren't in the same category as SIVB and that's why I don't believe a liquidity problem is something to worry too much about. My bullish case for Zion is that its located in Salt Lake City Utah which is seeing a lot of growth and spillover form California as of recently due to its corporate tax haven nature. I love the article Andrew and my colleagues and I enjoy listening to your podcast!!