Georgia financial leaders on the collapse and rescue of Silicon Valley Bank and Signature Bank

In the aftermath of the federal government’s recent move to rescue Silicon Valley Bank and Signature Bank from bank failure, all eyes are on the banking industry.

On Monday’s edition of “Closer Look,” the leaders of the Georgia Bankers Association, told show host Rose Scott that Georgia’s banking environment is stable and depositors are protected.

“Georgia banks are very different than the banks that went through closure back in March,” said David Oliver, the executive vice president and COO of the Georgia Bankers Association.