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Colorado customers of failed Silicon Valley Bank scrambling to find new lenders

Government intervention avoids a wider crisis, but banking system vulnerable after a sharp rise in interest rates

People line up outside the offices of failed Silicon Valley Bank at 3003 Tasman Drive in Santa Clara, March 2023.
3-13-23, Santa Clara
(George Avalos/Bay Area News Group)
People line up outside the offices of failed Silicon Valley Bank at 3003 Tasman Drive in Santa Clara, March 2023. 3-13-23, Santa Clara (George Avalos/Bay Area News Group)
DENVER, CO - NOVEMBER 8:  Aldo Svaldi - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)DENVER, CO - DECEMBER 12:  Judith Kohler - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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Regulators were unable to find another bank willing and able to take on Silicon Valley Bank's loan portfolio, leaving many borrowers scrambling to line up new creditors, who themselves are struggling with the rapid rise in interest rates that contributed to the failure of three banks this month.
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