Company name : Signature Bank, New York Headquarters in : New York, New York Default amount : $575 million Assets before default : $110 billion as of December 31 As events rapidly unfolded at Silicon Valley Bank, spooked customers at crypto-friendly Signature Bank withdrew more than $10 billion in deposits. The panic snowballed into a bank run, which ultimately toppled the New York-based bank and became what is today the fourth-largest bank failure in US history. Before its failure, Signature Bank — which employed over 2,250 people, per its 2022 annual report — had assets of over $110 billion as of December 31. The bank spiraled so quickly that even board members were shocked. "We had no indication of problems until we got a deposit run late Friday, which was purely contagion from SVB," former US Rep. Barney Frank, a board member of the bank, told CNBC in March.