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Meow and Vesto are two firms that help companies invest idle funds in safe instruments such as Treasury bills.
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Industry leaders hoped that the emergency sale of First Republic Bank would quell investors' fears, but many banks saw big stock price declines on Tuesday. The instability could put pressure on lawmakers and policymakers to take more decisive action.
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Greenwood and Kinly aspire to build wealth among the Black community.
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Metropolitan Bank Holding is rescinding a $7.5 million loan it made to its CEO, and canceling a stock purchase he used the proceeds to fund, after determining that the loan was likely impermissible.
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At the embattled Republic First Bancorp, elevated legal, professional and audit fees also contributed to a nearly $10 million in first-quarter loss but CEO Thomas Geisel reports signs of progress moving past "legacy headwinds."
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After years of implementing Dodd-Frank Act measures rules to streamline bank resolutions, regulators relied on their pre-crisis playbook to resolve Silicon Valley and First Republic banks. That choice has led some experts to question the rules' utility.













!["There has been a desire [among business clients] to diversify their holdings and cash," said Benjamin Döpfner, founder and CEO of Vesto, left. Brandon Arvanaghi, CEO of Meow, also said his company has gotten new clients recently.](https://arizent.brightspotcdn.com/dims4/default/e04c277/2147483647/strip/true/crop/1400x788+0+0/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F78%2F1d%2Fba876f1e4f0a9723e98c58567175%2Fmeow-and-vesto.jpg)




