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I don't agree. There are many instances where using a boutique or smaller institution is better for your business to run.

My company used to bank with Bank of America. It was awful. They seemed to have no concept of how to work with small business or a tech startup. We moved to another bank (not svb) and it's been a much better experience.

Only leveraging the giants of a given industry is not good for innovation nor specialization.

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It does seem as though larger banks can only work with entities that fit inside their self-described personas. If you do not align exactly with one of their personas - good luck.

At least that is what I have seen here in Canada, I imagine the US is very similar in that regard.

Until your money gets locked up and/or you face a haircut...

Yes, there is safety in size. But operational capabilities of companies using the big banks would be cut as well.

To draw an analogy, should every business owner with physical goods only sell and distribute their goods through Amazon and/or Walmart? Yes, their size provides many benefits, but also has dramatic costs to their business and impacts how customers are served.

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