Probably. I don't care much, it was expected, anyway. However, I care how it will effect crypto exchanges, as some basically run by banks, and certain coins, as they can go zero, very fast. (and you don't know their 'bank connections', will be public only when it is too late)
Anyway, the FDIC insurance is a joke, covers just 1,3% of all deposits, enough for 1-2 banks, and that's it. Illusion to people.
Not the people withdraw their money. (They are standing in line front of branches, after it went down, when it is totally pointless... :) :) :) )
The big insiders withdraw their money, and shorting the banks. How it a happened in SCV case. The leadership knew it weeks before, so they all withdraw their private money and let their buddies know to do the same, I suppose all were over 250k.
Yellen said they closely monitor other banks - it means, it can happen with plenty more any time.
https://www.bloomberg.com/news/videos/2023-03-10/yellen-treasury-monitoring-a-few-banks-amid-svb-losses
I don't even understand, how she still can be near to money system top, after so much destruction she made...
Anyway, one of my first bet would be on New York Community Bancorp. But it's still nothing compare to what it can result in the total broken (by mainly USA) Europe...