Silicon Valley Bank has FAILED, becoming the largest US bank failure since 2008

[OK2]

Embedded Tweet

https://twitter.com/bocavista2016/status/1634983671257264135

Depositors are getting bailed out. Tech Lib Cali Donors? It’s automatic.



We will invent a new description for 2023 though. “Bailout is too boomer”. She was such a weasel on the Sunday morning shows

You’d swear Yellen was too busy with abortion and Ukraine to be hands on here

What the fuck was this Randy Quaid looking bitch doing there mere days ago, using her as a tank?

Clown world

[Daly]

Right so we can end the thread. Feds came out and said all deposits will be made available in the morning…… which is all anyone should have assumed considering the price action over the weened.

If you owned shares in SVB…… my condolences

If you worked for SVB…… could be a semi great day because its my understanding they are telling everyone they are getting a 50% raise. Im sure this won go on forever but it would be nice to go from $67K a year to $100K because your company is AIDS

[Daly]

I dont mean to say Bitcoin is attached to all of this but puts were at an all time high on Friday and probably would have been a great result if they decided to skewer the companies on deposit. Now the entire general public is caught offsides

[devidee]

BREAKING: U.S. regulators have shut down Signature Bank citing systemic risk.

[devidee]

BREAKING: Coinbase said it had $240 million balance at Signature Bank which has just been closed by State authorities.

[The Boz]

Over/under on the S&P opening tomorrow?

150 is approximately 5%.

Make your call.

[dwai]

[Sanlmar]

Right so we can end the thread. Feds came out and said all deposits will be made available in the morning…… which is all anyone should have assumed considering the price action over the weened.

End the thread?

Hurray, more government control.

We are one step closer to nationalizing banks and solving that problem of ugly excess capitalism.

Another public utility.

This isn’t OVER. There are always consequences - most often unintended. However, I think to some degree this suits the coming narrative rather well. A welcome opportunity for the Fed & Treasury.

You’re not wrong Dwai.

[Sanlmar]

Over/under on the S&P opening tomorrow?

150 is approximately 5%.

Make your call.

You kidding?

The printer was just dusted off and a facility for the banks was created just as it was during covid.

The diamond hands kids are stretching and looking for their amphetamines. Risk assets tastier

Hope you got some

Dunno if we gap up at the open and rip their faces off after lunch.

[Small_Banana]

The SVB collapse must be Joe Biden’s fault and the woke mob.

Embedded Tweet

https://twitter.com/SandmanMGTOW/status/1634978886365876225

[Sanlmar]

The SVB collapse must be Joe Biden’s fault and the woke mob.

Embedded Tweet

https://twitter.com/SandmanMGTOW/status/1634978886365876225

“They/them” is gonna have a sleepless night.

[MumblesBadly]

Embedded Tweet

https://twitter.com/bocavista2016/status/1634983671257264135

Depositors are getting bailed out. Tech Lib Cali Donors? It’s automatic.



We will invent a new description for 2023 though. “Bailout is too boomer”. She was such a weasel on the Sunday morning shows

You’d swear Yellen was too busy with abortion and Ukraine to be hands on here

IMO the depositors getting made whole but the equity holders of the bank getting DESTROYED is the correct solution for the scale of this bank-manager-created disaster. Because shareholders should have kept a tighter leash on bank management to prevent them doing something so stupid with the bank’s assets.

Oh, and the top managers responsible for the disastrous investment policy should have their pay and bonuses for the past year clawed back. Send other bank managers a solid message to not fuck up and cause the government to step in to prevent financial contagion damaging the economy.

[MumblesBadly]

Thank you, Obama.

[limitles]

Thank you, Obama.

Wait a minute. Are you telling me that I just lucked out by guessing regulations or the lack of
are directly related to the absurd rate of bank failures in the U.S.

This failure rate is embarrassing for anyone in the field. You're either an idiot or a thief. It's one or the other.

I hope America burns to the ground. Fat fucking lying shits

Strike that I'm coming down

[limitles]

The SVB collapse must be Joe Biden’s fault and the woke mob.

Yeah these comments are scary. These freedom fighters don't have a clue what's going on.
They fight the good fight (no regulations) but are the butt of the joke. These money handlers
are making bank because they are the bank. No one's watching.
These poor ignorant saps are crucial for those who will eventually steal.

The market does not self correct when people in power are cashing in.

[limitles]

• The text that you have entered is too long (253662 characters). Please shorten it to 40000 characters long.

List of bank failures in the United States (2008–present)

• The following 25 (26 including the Utah-based wholly owned subsidiary of Washington Mutual, which was covered under the same FDIC closure notice as its parent company)^[7] banks failed since 2008:^[1]

	Bank	City	State	Date	Acquired by	Assets ($mil.)
1	Douglass National Bank	Kansas City	Missouri	January 25, 2008	Liberty Bank and Trust	58.5
2	Hume Bank	Hume	Missouri	March 7, 2008	Security Bank	18.7
3	ANB Financial NA	Bentonville	Arkansas	May 9, 2008	Pulaski Bank and Trust Company	2,100
4	First Integrity Bank, NA	Staples	Minnesota	May 30, 2008	First International Bank and Trust	54.7
5	IndyMac	Pasadena	California	July 11, 2008	OneWest Bank, FSB	32,000
6	First National Bank of Nevada	Reno	Nevada	July 25, 2008	Mutual of Omaha Bank	3,400
7	First Heritage Bank, NA	Newport Beach	California	July 25, 2008	Mutual of Omaha Bank	254
8	First Priority Bank	Bradenton	Florida	August 1, 2008	SunTrust Banks	259
9	The Columbian Bank and Trust Company	Topeka	Kansas	August 22, 2008	Citizens Bank and Trust	752
10	Integrity Bank	Alpharetta	Georgia	August 29, 2008	Regions Bank	1,100
11	Silver State Bank	Henderson	Nevada	September 5, 2008	Nevada State Bank	2,000
12	Ameribank	Northfork	West Virginia	September 19, 2008	The Citizens Savings BankPioneer Community Bank	113
13	Washington Mutual Bank	Seattle	Washington	September 25, 2008	JPMorgan Chase & Co	307,000
14	Main Street Bank	Northville	Michigan	October 10, 2008	Monroe Bank and Trust	98
15	Meridian Bank	Eldred	Illinois	October 10, 2008	National Bank	39.2
16	Alpha Bank & Trust	Alpharetta	Georgia	October 24, 2008	Stearns Bank, N.A.	354.1
17	Freedom Bank	Bradenton	Florida	October 31, 2008	Fifth Third Bank	287
18	Franklin Bank	Houston	Texas	November 7, 2008	Prosperity Bank	5,100
19	Security Pacific Bank	Los Angeles	California	November 7, 2008	Pacific Western Bank	561.1
20	The Community Bank	Loganville	Georgia	November 21, 2008	Bank of Essex	681.0
21	Downey Savings and Loan	Newport Beach	California	November 21, 2008	U.S. Bank, N.A.	12,800
22	PFF Bank and Trust	Pomona	California	November 21, 2008	U.S. Bank, N.A.	3,700
23	First Georgia Community Bank	Jackson	Georgia	December 5, 2008	United Bank	237.5
24	Haven Trust Bank	Duluth	Georgia	December 12, 2008	Branch Banking and Trust Company (BB&T)	572
25	Sanderson State Bank	Sanderson	Texas	December 12, 2008	The Pecos County State Bank	37

2009[edit]

		Cambridge	Maryland	April 27, 2012	None (Wound down by FDIC as receiver)	166.7
19	HarVest Bank of Maryland	Gaithersburg	Maryland	April 27, 2012	Sonabank	164.3
20	Inter Savings Bank, FSB	Maple Grove	Minnesota	April 27, 2012	Great Southern Bank	481.6
21	Plantation Federal Bank	Pawleys Island	South Carolina	April 27, 2012	First Federal Bank	486.4
22	Palm Desert National Bank	Palm Desert	California	April 27, 2012	Pacific Premier	125.8
23	Security Bank, NA	North Lauderdale	Florida	May 4, 2012	Banesco	101.0
24	Alabama Trust Bank, NA	Sylacauga	Alabama	May 18, 2012	Southern States Bank	51.6
25	First Capital Bank	Kingfisher	Oklahoma	June 8, 2012	F & M Bank	46.1
26	Carolina Federal Savings Bank	Charleston	South Carolina	June 8, 2012	Bank of North Carolina	54.4
27	Farmers and Traders State Bank	Shabbona	Illinois	June 8, 2012	First State Bank	43.1
28	Waccamaw Bank	Whiteville	North Carolina	June 8, 2012	First Community Bank	533.1
29	Putnam State Bank	Palatka	Florida	June 15, 2012	Harbor Community Bank	169.5
30	Security Exchange Bank	Marietta	Georgia	June 15, 2012	Fidelity Bank	151.0
31	The Farmers Bank of Lynchburg	Lynchburg	Tennessee	June 15, 2012	Clayton Bank and Trust	163.9
32	Montgomery Bank and Trust	Ailey	Georgia	July 6, 2012	Ameris	173.6
33	Glasgow Savings Bank	Glasgow	Missouri	July 13, 2012	Regional Missouri Bank	24.8
34	Royal Palm Bank of Florida	Naples	Florida	July 20, 2012	First National Bank of the Gulf Coast	87.0
35	Georgia Trust Bank	Buford	Georgia	July 20, 2012	Community & Southern Bank	119.8
36	First Cherokee State Bank	Woodstock	Georgia	July 20, 2012	Community & Southern Bank	222.7
37	Heartland Bank	Leawood	Kansas	July 20, 2012	Metcalf Bank	110.0
38	Second Federal Savings and Loan Association of Chicago	Chicago	Illinois	July 20, 2012	Hinsdale Bank & Trust Company	199.1
39	Jasper Banking Company	Jasper	Georgia	July 27, 2012	Stearns Bank, NA	216.7
40	Waukegan Savings Bank	Waukegan	Illinois	August 3, 2012	First Midwest Bank	88.9
41	First Community Bank	Bloomington	Minnesota	September 7, 2012	Republic Bank & Trust Company	215.9
42	Truman Bank	St. Louis	Missouri	September 14, 2012	Simmons First National Bank	282.3
43	First United Bank	Crete	Illinois	September 28, 2012	Old Plank Trail Community Bank, National Association	328.4
44	GulfSouth Private Bank	Destin	Florida	October 19, 2012	SmartBank	159.1
45	First East Side Savings Bank	Tamarac	Florida	October 19, 2012	Stearns Bank, N.A.	67.2
46	Excel Bank	Sedalia	Missouri	October 19, 2012	Simmons First National Bank	200.6
47	NOVA Bank	Berwyn	Pennsylvania	October 26, 2012	NONE (Permanently closed by the Pennsylvania Department of Banking & Securities)	483.0
48	Heritage Bank of Florida	Lutz	Florida	November 2, 2012	Centennial Bank	225.5
49	Citizens First National Bank	Princeton	Illinois	November 2, 2012	Heartland Bank and Trust Company	924.0
50	Hometown Community Bank	Braselton	Georgia	November 16, 2012	CertusBank, National Association	124.6
51	Community Bank of the Ozarks	Sunrise Beach	Missouri	December 14, 2012	Bank of Sullivan	42.8

2013[edit]

The following 24 banks failed in 2013:^[9]

	Bank	City	State	Date	Acquired by	Assets ($mil.)
1	Westside Community Bank	University Place	Washington	January 11, 2013	Sunwest Bank	97.7
2	1st Regents Bank	Andover	Minnesota	January 18, 2013	First Minnesota Bank	50.2
3	Covenant Bank	Chicago	Illinois	February 15, 2013	Liberty Bank and Trust Company	58.4
4	Frontier Bank	LaGrange	Georgia	March 8, 2013	HeritageBank of the South	258.8
5	Gold Canyon Bank	Gold Canyon	Arizona	April 5, 2013	First Scottsdale Bank, NA	45.2
6	First Federal Bank	Lexington	Kentucky	April 19, 2013	Your Community Bank	100.1
7	Heritage Bank of North Florida	Orange Park	Florida	April 19, 2013	FirstAtlantic Bank	110.9
8	Chipola Community Bank	Marianna	Florida	April 19, 2013	First Federal Bank of Florida	39.2
9	Parkway Bank	Lenoir	North Carolina	April 26, 2013	CertusBank, NA	108.6
10	Douglas County Bank	Douglasville	Georgia	April 26, 2013	Hamilton State Bank	316.5
11	Pisgah Community Bank	Asheville	North Carolina	May 10, 2013	Capital Bank, NA	21.9
12	Sunrise Bank	Valdosta	Georgia	May 10, 2013	Synovus Bank	60.8
13	Central Arizona Bank	Scottsdale	Arizona	May 14, 2013	Western State Bank	31.6
14	Banks of Wisconsin	Kenosha	Wisconsin	May 31, 2013	North Shore Bank, FSB	134.0
15	1st Commerce Bank	North Las Vegas	Nevada	June 6, 2013	Plaza Bank	20.2
16	Mountain National Bank	Sevierville	Tennessee	June 7, 2013	First Tennessee Bank, National Association	437.3
17	First Community Bank of South Florida	Fort Myers	Florida	August 2, 2013	C1 Bank	265.7
18	Bank of Wausau	Wausau	Wisconsin	August 9, 2013	Nicolet National Bank	43.6
19	Community South Bank	Parsons	Tennessee	August 23, 2013	CB&S Bank, Inc.	386.9
20	Sunrise Bank of Arizona	Phoenix	Arizona	August 23, 2013	First Fidelity Bank, National Association	202.2
21	The Community's Bank	Bridgeport	Connecticut	September 13, 2013	None (insured depositors paid directly)	26.3
22	First National Bank, also operating as The National Bank of El Paso	Edinburg	Texas	September 13, 2013	PlainsCapital Bank	3,100
23	Bank of Jackson County	Graceville	Florida	October 30, 2013	First Federal Bank of Florida	25.5
24	Texas Community Bank, National Association	The Woodlands	Texas	December 13, 2013	Spirit of Texas Bank, SSB	180.1

2014[edit]

The following 18 banks failed in 2014:^[9]

	Bank	City	State	Date	Acquired by	Assets ($mil.)
1	Dupage National Bank	West Chicago	Illinois	January 17, 2014	Republic Bank of Chicago	61.7
2	The Bank of Union	El Reno	Oklahoma	January 24, 2014	BancFirst	331.40
3	Syringa Bank	Boise	Idaho	January 31, 2014	Sunwest Bank	153.40
4	Vantage Point Bank	Horsham	Pennsylvania	February 28, 2014	First Choice Bank	63.5
5	Millennium Bank, National Association	Sterling	Virginia	February 28, 2014	WashingtonFirst Bank	130.3
6	Allendale County Bank	Fairfax	South Carolina	April 25, 2014	Palmetto State Bank	54.5
7	AztecAmerica Bank En Español	Berwyn	Illinois	May 16, 2014	Republic Bank of Chicago	66.3
8	Columbia Savings Bank	Cincinnati	Ohio	May 23, 2014	United Fidelity Bank, fsb	36.5
9	Slavie Federal Savings Bank	Bel Air	Maryland	May 30, 2014	Bay Bank, FSB	140.1
10	Valley Bank	Moline	Illinois	June 20, 2014	Great Southern Bank	456.4
11	Valley Bank	Fort Lauderdale	Florida	June 20, 2014	Landmark Bank, National Association	81.8
12	The Freedom State Bank	Freedom	Oklahoma	June 27, 2014	Alva State Bank & Trust Company	22.8

There is too much data for this site. But you get the point. There is a critical flaw in your banking system. It's not treason but is every bit as bad. Probably nothing more sweet for money grubbers to hear than the public's distrust of government and regulations

"Come and listen to a story about a man named Jed
A poor mountaineer, barely kept his family fed,
Then one day he was shootin at some food,
And up through the ground came a bubblin crude."

The Freedom Bank? Of course
Sunrise Bank I'm looking at twice

[Daly]

Right so we can end the thread. Feds came out and said all deposits will be made available in the morning…… which is all anyone should have assumed considering the price action over the weened.

End the thread?

Hurray, more government control.

We are one step closer to nationalizing banks and solving that problem of ugly excess capitalism.

Another public utility.

This isn’t OVER. There are always consequences - most often unintended. However, I think to some degree this suits the coming narrative rather well. A welcome opportunity for the Fed & Treasury.

You’re not wrong Dwai.

Honest question.

Did you think, in some way/shape/form, banks aren't nationalized already?

If the federal reserve didn't step in here the X amount of billion it would take would have made TARP seem small.

As far as i can tell This isn't “a bailout”. If you owned shares of this bank you going to lose it. If thats not the case then Id have a much different feeling about all this. The fact remains If you have earned cash and you wish to enter it into the system of banking in the USA there needs to be an implicit guarantee that you will get said funds back. Thats a major part of fractional reserve banking with a “strong central authority”.

[limitles]

Sanimar

End the thread?

Hurray, more government control.

We are one step closer to nationalizing banks and solving that problem of ugly excess capitalism.

Another public utility.

This isn’t OVER. There are always consequences - most often unintended. However, I think to some degree this suits the coming narrative rather well. A welcome opportunity for the Fed & Treasury.

You’re not wrong Dwai.[/QUOTE]

Are you saying bank insolvencies are an inevitable risk? That's what it sounds like.
There are risks with any investment but account holders are not playing that game.

The number of U.S. bank failures recorded indicates a disregard for these risks or
grand larceny. But you chirp in with " Hurray, more government controls". That is idiotic.
This is a banking system with far to few controls.

It's among the most ignorant take I've ever heard.

So twisted is your paranoia of government, the ones you elect, that you prefer to live with a broken financial system. Explain that.

[Tellafriend]

If they held the bonds to maturity that might have been one thing but they needed to sell as the tech startups gegqn needing cash more than ever as VC’s weren’t in the position or as willing to fund them. Even if they didn’t sell the bonds they needed to mark them to market (present value which because interest rates went up their value went down)

Druff’s observation about a “bank run” was just icing on the cake.

But yes, the dumbest finance guys are in banking and the Fed. It’s something you can count on.

Whether banking as we know it now exists in ten years is a very interesting proposition. The answer is no especially because of the coming CBDC

it's as if they had never heard of laddering their bonds. smh. nothing makes sense any longer. time to take my ball and go home.

Daly, would you please respond to my post. i'm an outsider. you aren't. but it seems so simple and yet they failed. wouldn't this have prevented the run? and isn't laddering the standard of care here?

[Tellafriend]

End the thread?

Hurray, more government control.

We are one step closer to nationalizing banks and solving that problem of ugly excess capitalism.

Another public utility.

This isn’t OVER. There are always consequences - most often unintended. However, I think to some degree this suits the coming narrative rather well. A welcome opportunity for the Fed & Treasury.

You’re not wrong Dwai.

Honest question.

Did you think, in some way/shape/form, banks aren't nationalized already?

If the federal reserve didn't step in here the X amount of billion it would take would have made TARP seem small.

As far as i can tell This isn't “a bailout”. If you owned shares of this bank you going to lose it. If thats not the case then Id have a much different feeling about all this. The fact remains If you have earned cash and you wish to enter it into the system of banking in the USA there needs to be an implicit guarantee that you will get said funds back. Thats a major part of fractional reserve banking with a “strong central authority”.

why have we continued with the $250k limit farse? sincere query.