On Friday, April 28th, Financial news broke that First REPUBLIC Bank was potentially going into receivership with the FDIC the evening of Friday, April 28th, 2023.
Patriot Software is NOT impacted by this news.
https://t.co/873hbSzsIA
Honor to meet Kansas City Chiefs’ Pro Football Hall of Fame gold jacket Will Shields along with a great Patriot Software, LLC advocate from Fifth Third Bank, Andrew Ziegler, at the American Heart Association’s Akron/Canton “Heart” of Fame Breakfast! #payr…https://t.co/NL4IZvDfIh
Forbes: “Yep, that’s when and how we learned that SVB didn’t just have some delays in their processes ... but that regulators had shut the bank down."
CEO Mike Kappel tells @PatriotSoftware's SVB collapse response: https://t.co/Kaoi802L8w
#forbes#payroll#svb
Updated local @CantonRepdotcom story on how the Patriot Software team united, dealt with the sudden Silicon Valley Bank closure, and made sure every paycheck went through for the employees of ~8,100 of our 57,000 customers across the nation. #mainstreetusa 🇺🇸
Local press on how Patriot worked to communicate SVB updates with impacted customers by the @CantonRepdotcom a division of the USA Today network.
https://t.co/t72ZVdgiwa
When SVB collapsed, entrepreneurs who feared losing everything spent nerve-wracking days crafting backup plans, seeking new funds, and pleading with politicians. This was The Weekend Silicon Valley Stared Into the Abyss. https://t.co/nloLlRjWkV
Read Patriot’s front page Wired Magazine interview, featuring President and CLO @OH2DC , and his experience aboard a cruise ship when $100M in payroll appeared to be “Lost at Sea.”
The Weekend Silicon Valley Stared Into the Abyss https://t.co/M2IZo9yvpC via @wired
READ my front page interview on https://t.co/aj1o9QOM3p -- $100 Million Lost at Sea -- how the Silicon Valley Bank debacle left tens of thousands of employees of Patriot Software, LLC customers completely unpaid on Friday, March 10, 2023----and stories of…https://t.co/NJELOAYLVm
READ my front-page interview on https://t.co/aj1o9QOedR for @PatriotSoftware - $100million LOST at Sea - The Weekend Silicon Valley Stared Into the Abyss https://t.co/JoFYX8XUvQ via @wired
To all that have reached out, thank you!! We are doing good, everyone was paid yesterday and all Friday payroll is on track. No one expected SVB to fail mid-payroll run last Friday!
Thank you for being so supportive during these unprecedented times! We sincerely want you to know that we have your back and we’re sorry that you had to endure pain and frustration. We are incredibly grateful to each of you. Here's to moving forward!
Hi, we're Patriot Software:
1. We employ 185 humble, hardworking people
2. We process payroll for small businesses nationwide
3. The financial future of us all is at risk with the SVB collapse #savesvb#svbbanksmainst@SenSherrodBrown@RepBeatty @JDVance1 @Scott_Oelslager (1/13)