Summit Bank Oakland Is Secure In The Midst Of The Bank Crash Of 2023 – Vlog

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https://www.youtube.com/watch?v=fPT-ATPjbjo

Zennie62blog Presents:

Summit Bank Oakland Is Secure In The Midst Of The Bank Crash Of 2023

. A vlog by the YouTube channel named in the video’s upper left corner and serves as the original blog post for this content.

The Bank Crash Of 2023 got you worried? If you’re banking at Summit Bank Oakland, don’t worry. I will explain why.

So I’m writing this as one who started his first tech startup corporation and with the help of Summit Bank at 2919 Broadway in Oakland. That firm was and is called Sports Business Simulations, Inc., and made online simulation games of sports business for use in the classroom. It lasted from 2003 to 2010, and all with Summit Bank.

The reason SBS went dormant was a disagreement between myself and Forio Business Simulations, who developed the “FML” programming language I learned in order to build the Oakland Baseball Simworld and XFL Simworld. Big lesson: never build a web game based on a programming language no one’s ever heard of. Otherwise, you get trapped into the using the server owned by that organization. Anyway, and again, Summit Bank stuck with Sports Business Simulations through thick and thin.

Now, some 13 years later, we find a series of events has caused what I will call the The Bank Crash Of 2023. Silicon Valley Bank, Signature Bank, and Silvergate Bank, have all been taken over by Federal Regulators. So, if you’re thinking that all of what they’s dealing with should automatically apply to Summit Bank, the answer is no. The simple reason is that Summit Bank’s mix of places it puts it’s money is vastly different than for those big banks. Most of its money isn’t tied up in bonds. Also, Summit Bank does not automatically allow you to transfer cryptocurrency, this avoiding the drawdowns that have hurt other banks during this crisis. (Summit Bank is not to be confused with Summit National Bank. Summit Bank is an Oakland Community Bank.)

Bottom-line: your money is safe at Summit Bank. Stick with Summit Bank. Also, I made this vlog on my own and without contact from Summit Bank. I simply saw what was going on around the country and thought I’d give my friends at Summit Bank a hand. Nor was Zennie62Media, Inc, paid to do this (though I wouldn’t shy away from such an arrangement, I run a for-profit media startup).

Stay tuned.

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