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FDIC: Top Depositors Led 2023 Runs at Failed Regional Banks

Summary by bankingdive.com
Silicon Valley Bank, Signature Bank and First Republic Bank each lost about half of their deposits in a matter of days in early March 2023, the regulator found.

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FDIC: Top depositors led 2023 runs at failed regional banks

Silicon Valley Bank, Signature Bank and First Republic Bank each lost about half of their deposits in a matter of days in early March 2023, the regulator found.

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American BankerAmerican Banker

FDIC: Big depositors drove run risk in 2023

A report from the Federal Deposit Insurance Corp. stated that business clients with large volumes of uninsured deposits fled Silicon Valley Bank, Signature Bank and First Republic at unprecedented speed, contributing to those banks' collapse.

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American Banker broke the news on Thursday, May 14, 2026.
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