Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature - The US crypto industry has a new favorite banking partner, a small Pennsylvania-based cal... - https://cryptonews.com/news/crypto-industry-turns-customers-bank-as-preferred-partner-amidst-collapse-of-silvergate-signature.htm #silvergatecapital #customersbank #signaturebank #financenews #crypto #sec

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#CustomersBank AKA #CUBI is on a mission to relive the Savings & Loan crisis of the 1980s... They're trying to keep their deposit base high enough to stay solvent by hiking the interest rates they pay but that means ballooning costs.

Worth noting that #CUBI is one of the last #crypto friendly banks in the United States... basically a mini-me of #SignatureBank / #SBNY. Will meet the same fate.