Howard Pyle, The Burning of Jamestown, an early-twentieth-century illustration, not an eyewitness view. Public domain.
Regulators seized Silicon Valley Bank in March 2023 after depositors ran and the bank's bonds could not be sold without losses.
If money is tight, you learn whether your balance is under the insurance cap.
If you are in the middle, a payroll account at the wrong bank is a business crisis by Friday.
If you have savings, uninsured cash is a loan to the bank, and a run is the moment you notice.
Silicon Valley Bank was seized in March 2023.
It held longer-term bonds that had fallen in value because interest rates had risen, and its customers, many of them with balances above the insurance limit, pulled deposits.
The government protected depositors at the failed banks, and other regional banks wobbled in the same weeks.
Source: Public record of the March 2023 failure of Silicon Valley Bank.