Silicon Valley Bank closure hits Portland and Vancouver businesses

KGW is aware of at least two start-up businesses based in Portland and Vancouver impacted by the SVB collapse.

PORTLAND, Ore. — Businesses around the country are in shock and disbelief after hearing Silicon Valley Bank collapsed on Friday. Making it the second-largest bank failure in US history. 

Kelly Oriard is the co-founder of Slumberkins, a Vancouver-based company that sells stuffed animals and corresponding books about mental health for kids. 

“To face the reality of what that actually means is really scary,” said Oriard. “Because we have put our hearts and souls into this business and built it for seven years – and the

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