What Happened with Silicon Valley Bank and How it Affects the Community Association Management Industry
By: Ben Currin, Vantaca CEO
The last couple weeks have been, in many ways, unprecedented from a commercial banking perspective. For all of us in the community association management industry it has been particularly interesting to follow because so much of what we do relates to being trusted custodians, advisors, and managers of communities’ depository relationships and assets.
It's a core focus and a core competency of being a successful community manager, and for Vantaca, as a software partner—or any technology partner—our aim should be to add value and insight into that process.
With that being said, we thought it would be helpful to walk through what happened, why it matters to our industry, and how we as a trusted software partner are responding.