Signature Raised Funds This Month for Republican Probing Failure

Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue.

Patrick McHenry was there to raise thousands of dollars from bank executives.

The mood inside the Signature boardroom at the March 2 fundraiser was calm, according to a person who was at the event and asked for anonymity to discuss the private affair. There was no overt anxiety or tension, the person said; instead there were questions about the debt ceiling.

Representative Patrick McHenry, a Republican from North Carolina, during an interview at his office on Capitol Hill in Washington, DC, US, on Wednesday, Dec. 14, 2022.

Photographer: Sarah Silbiger/Bloomberg

McHenry’s campaign decided last week it won’t process any of the contributions from ...