The failure of Silicon Valley Bank (SVB) and Signature Bank in March 2023 were the second and fourth largest bank failures in the United States since 2001 in terms of total deposits lost. Only Washington Mutual Bank's failure in 2008 resulted in a higher loss of deposits than that of SVB's, with 188 billion U.S. dollars. The total value of assets lost upon the failure of Silicon Valley Bank and Signature Bank was also exceptionally high as it was close to the total amount of assets lost in 2008, when all together 25 banks collapsed.
Largest bank failures in the United States as of 2023, by deposits
(in billion U.S. dollars)
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FDIC. (July 26, 2023). Largest bank failures in the United States as of 2023, by deposits (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 26, 2024, from https://www.statista.com/statistics/1372703/largest-bank-failures-us-by-deposits/
FDIC. "Largest bank failures in the United States as of 2023, by deposits (in billion U.S. dollars)." Chart. July 26, 2023. Statista. Accessed October 26, 2024. https://www.statista.com/statistics/1372703/largest-bank-failures-us-by-deposits/
FDIC. (2023). Largest bank failures in the United States as of 2023, by deposits (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 26, 2024. https://www.statista.com/statistics/1372703/largest-bank-failures-us-by-deposits/
FDIC. "Largest Bank Failures in The United States as of 2023, by Deposits (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1372703/largest-bank-failures-us-by-deposits/
FDIC, Largest bank failures in the United States as of 2023, by deposits (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1372703/largest-bank-failures-us-by-deposits/ (last visited October 26, 2024)
Largest bank failures in the United States as of 2023, by deposits (in billion U.S. dollars) [Graph], FDIC, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1372703/largest-bank-failures-us-by-deposits/