Press Releases

Binghamton, NY — U.S. Rep. Marc Molinaro (NY-19) released the following statement on the collapse of Silicon Valley Bank & Signature Bank:

“Last night I received a bipartisan, bicameral briefing from federal regulators, and this morning, joined a call with Governor Kathy Hochul and the New York Congressional Delegation to discuss the collapse of Silicon Valley Bank and Signature Bank. My main focus is ensuring the issues facing these banks do not spread to Main Street. 

“I’m in communication with the leadership at banks in New York’s 19th Congressional District. It’s critical we protect the deposits of local families, farmers, and small businesses.”