> This implies that First-Citizens just acquired $56bn of flightly deposits with no additional liquid assets, and those depositors just lost their FDIC insuranc

> This implies that First-Citizens just acquired $56bn of flightly deposits with no additional liquid assets, and those depositors just lost their FDIC insurance for any amounts over $250k. If you're one of these depositors, why wouldn't you run to a big 4 bank? Well, you never really had it (except for the last what, two business weeks) and you won't have it at a large bank either. That's ok, you can probably insure in the private markets (I've never looked into it but you can insure literally anything else so) or you can adjust your treasury program.