After sudden collapse in SVB and later signature bank - nearly 45 days ago.
Last week,we saw the same fate in First republic Bank and like it happens everywhere, the big bank JP morgan took it…
Today, most of the regional banks are in panicky state and are down by 5% to 35%.
What happens next would be interest to see.
Who gets the interest if these banks fail will be more interesting to see 
Expecting another 0.25% increase in rates today by Fed Reserve.
I have no clue about US banking space but I feel going by what is happening, these small/regional banks are getting consolidated and getting bought over by bigger players. Maybe this is good for US banking and Fed Reserve monitoring purpose.
Wish someone who has knowledge about these small banks in USA write an article on this topic. I came to know that many smaller banks are offering higher rates on CD (Certificate of deposit) equivalent of FD in India but when I asked people in USA there were not even aware of these small banks. These banks as per their website are offering rates about 5% whilst chase bank is offering 0.01%.
This article was shared by @NewUser123
within a day, another bank is about to shut shop. At this pace, lot of regional banks will be gone.
Imagine if something like this happens here in India. the economic and political implications would have been beyond extraordinary
Many people in US haven’t even heard the names of these Regional banks. In India too, cooperative banks fail regularly but majority doesn’t even know about them.
What @ANKIT_T is saying is true. I asked few people who live in USA about these banks and most of them were not aware of these banks. I feel this is a good exercise for Fed Reserve to consolidate the smaller banks. At least for the time being, depositors money will not be lost, this is the current trend and Fed Reserve will force some bigger bank to take over. In India too we had so many co op banks getting merged or license cancelled. This is another phase of any economy
If you dig deeper, there are services companies that create accounts and manage them for you in multiple banks, just upto the the limit that FDIC covers per account.
So if you have $10MM they will create accounts in 100 banks (when I was there the FDIC insured amount was only $100K) and give you a consolidated account reporting. They basically diversify your risk with account and FDs.
This gets easier if you have multiple people you trust money with. So let’s say, me, spouse and 2 kids, then they will create different permutations and combinations of accounts with me, spouse, kid1, kid2, me&spouse, me&kid1, me&kid2, me&spouse&kid1, me&spouse&kid2, etc…
If you have enough wealth and knowledge, there are always options to be protected. Once you max all these combos out, then you take on risky assets.
Am sure UHNI in India will have such options available too… else I’ve just given an idea for some startup 
One of the banks (amongst the highest rates) is a subsidiary of Goldman Sachs…
I’m not posting random crap, my 2 Kids live in the US
I propose @neha1101 to start this business. 
She knows FD interest rates of almost all banks in our country. Nationalised, private, PSBs, listed, unlisted, regional, south, north, small finance, cooperative society everything.
Honestly I have never seen anyone have that much knowledge about FD. 
Are you okay? This kind of comment is way below you. Just an observation, amenable to facts…
Really nice read ^
Decent recovery in the regional bank stocks as sentiment is approving across the board (both among insider buying, analysts)
But what needs to be seen is whether this is a dead cat bounce or is the value emerging in these stocks in the long run.
For now, things are looking good in the short run.
