Louisville business community’s reaction to Silicon Valley Bank failure

Access Louisville

Access Louisville is a weekly podcast from Louisville Business First. Follow us on popular podcast services to never miss an episode.

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Though the Silicon Valley Bank failure happened on the other coast, the ripple effects were felt by Louisville startups, attorneys and bank leaders.

A startup founder told KYInno that he was rushing to pull funds from the bank, faced with the fear of the question: How will their employees be paid. Haley Cawthon spoke to the founder, who asked to be anonymous given the fluidity of the situation, and shares what she learned with us.

Beyond startups, an attorney at large Louisville law firm Frost Brown Todd spent his weekend helping clients both locally and across the country who had funds in SVB. Ellie Tolbert spoke with him and some leaders in Louisville’s banking scene to get their reaction.

The SVB bank collapse was big news everywhere, but in true Access Louisville fashion, we sneak in some talk of restaurants and tourism.

The Bard’s Town, which recently announced a move, put plans on hold after its owner passed away. In his memory, former employees are opening the new location anyway with the help of some of his plans, Michael L. Jones reports.

We also discuss renovations to the Louisville Slugger Museum and lineups for two Danny Wimmer presents music festivals: Bourbon and Beyond and Louder than Life.

Access Louisville is a weekly podcast from Louisville Business First. It was hosted this week by Laurel Deppen. Our guests are Tolbert, Cawthon and Jones.

It's available on popular podcast services, including Apple Podcasts and Spotify, which are linked above. You also can listen to the show in the player above.