In the wake of the Silicon Valley Bank collapse, Gunster Shareholder Gregory K. Bader, who leads the firm’s Banking & Financial Services group, commented in multiple news outlets including the South Florida Sun Sentinel and South Florida Business Journal.
Bader noted that the Florida Bankers Association is standing by its members, and the backstopping of depositors should provide reassurance of the strength of the banking system. Speaking about the federal regulators to Sun Sentinel, Bader stated “I’d have to say hats off to them … They did a very good job of backstopping depositors here.” Bader did predict, however, that more banks could similarly fail due to how interest rates have skyrocketed in such a short period of time.
He also advised in the South Florida Business Journal that small businesses consider spreading out their deposits to err on the side of caution. “Being cautious, being diversified. It’s definitely a good time to review your banking relationships and make sure you are comfortable with where you stand there and make changes as needed,” he said.
Gregory K. Bader focuses his practice on mergers and acquisitions, regulatory compliance, securities offerings, and advising companies and their management as they make critical business decisions. He has been involved with mergers and acquisitions for numerous public and private companies operating inside and outside of Florida. He has handled a wide array of business combinations, reorganizations, conversions and financings. He has also assisted numerous companies and financial institutions with their transactional and regulatory needs, including securities offerings, public company filings, regulatory compliance, lending, holding company and bank formations, trust operations, broker-dealer and insurance operations, executive compensation, corporate governance, and general corporate counseling.