United States Banking
Silicon Valley Bank / Signature Bank / Silvergate Bank Failures
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Updated: March 11, 2023
In light of the recent turmoil in the US banking industry, HYTE Technologies would like to inform all customers and vendors of any potential business risks driven by these current events.
HYTE Technologies has no exposure (0%) of funds relying on Silicon Valley Bank, Signature Bank, or Silvergate Bank. Further, HYTE relies on no services of these entities or any 2nd party vendor who utilizes their services. Also, it should be noted that HYTE only utilizes large, national banks to secure working capital.