Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008.
King Cove braces for salmon season with no seafood processor amid historic price slump
The plant, formerly owned by Peter Pan Seafood Company, is the economic engine for the Alaska Peninsula community.