Campaign Deposits

Campaign Deposits. The Cuomo committee reportedly had large balances with the failed Signature Bank. A sizable portion of its 9 Million in funds was in accounts at the New York Institution. Signature collapsed following the demise of Silicon Valley Bank. Its assets were transferred to the FDIC. Hochul has pledged that depositors will be made whole. She promises that everyone will receive their money back. Time will tell if this is the case. Campaign Deposits. Her nemesis Cuomo surely hopes her rosy assurances are on target !!