graph showing financial growth with cash Source: Shutterstock.

A Boston company’s survey found small businesses that moved their deposits in the wake of last month’s bank failures tended to shift them from banks to credit unions.

Regulators seized control of Silicon Valley Bank of Santa Clara, Calif., on March 10, and Signature Bank of New York on March 12. Both had high percentages of uninsured deposits and had experienced runs on deposits before their failures.

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Jim DuPlessis

A journalist for decades.

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