The second-largest bank failure in U.S. history.

 SVB was previously one of the largest banks serving the tech startup industry — and the 16th largest bank in the U.S. overall. After the bank was forced to sell bonds at a loss, its stock price plummeted and depositors panicked, leading to a classic bank run.

https://www.bankrate.com/banking/bank-failures-latest-updates-silicon-valley-signature-bank/#:~:text=SVB%20was%20previously%20one%20of,bank%20failure%20in%20U.S.%20history.