The bank’s California executives and political action committee have propped up a handful of politicians in recent elections, which has primarily benefited Democrat lawmakers.
Greg Becker, the bank’s president and chief executive officer, cut two maximum checks totaling $5,800 to the campaigns of New York Senate Majority Leader Chuck Schumer and Virginia Sen. Mark Warner during the 2022 midterm election cycle. The two Democrat senators are the only politicians Becker financially backed directly during the most recent cycle.
Becker also gave $2,500 to the New Democrat Coalition Action Fund in May last year. The New Democrat Coalition Action Fund sent $1 million in contributions to numerous Democrat politicians during the 2022 elections
It also passed thousands of dollars to Michigan Democrat Sen. Gary Peters and California Democrat Reps. Maxine Waters and Zoe Lofgren’s campaigns during the 2020 elections, among a few others
Becker’s most recent donations came on the heels of $5,600 he donated between President Biden’s 2020 campaign and victory fund.
Silicon Valley Bank did not respond to a FOX Business inquiry on its executive and PAC donations. The Biden, Schumer, Warner, Auchincloss, Meeks, McHenry, Peters and Waters campaigns also did not respond to a request for comment on the contributions.
Obey
Article URL : https://www.foxbusiness.com/politics/silicon-valley-bank-collapse-heres-who-benefitted-executive-pac-donations