The Risky Business of Hollywood's Bank Relationships.

The recent failure of Silicon Valley Bank and Signature Bank has caused concern among businesses that rely on regional banks for their banking needs, including many in the entertainment industry. While the federal government has guaranteed deposits, the threat facing independent Hollywood’s preferred banking partners is real and may get more acute as time goes on. Businesses may move more deposits out of some regional or specialist banks and toward perceived safe havens. Tighter banking regulations combined with lower deposits could reduce the appetite for risk by regional banks, and riskier bets (like film or theatrical financing) could be less welcome than they once were.