By: Heath Hamacher//May 18, 2023//
Despite the federal government stepping in to save members of recently collapsed banks, including the Silicon Valley and Signature banks, many remain anxious and question if their money is safe in their financial institutions. They wonder, in light of the ripple effect created on major banks and smaller, regional banks alike, what the failures mean to their businesses, the economy, and the government.
Some strategists expect more issues — but not a full-blown crisis — in the banking sector. Andrew C. “Drew” English III, a member with Callison Tighe in Columbia, recently spoke with Lawyers Weekly about these issues and more.
English focuses his practice on commercial real estate acquisition and development, representing developers in all aspects of their projects. He also represents lenders in purchase money financing, refinancing of existing loan facilities, and workouts of nonperforming loans.
English graduated from Wofford College in 1995 with a bachelor’s degree in finance before earning his J.D. from the University of South Carolina School of Law in 1998.