The bank wouldn't've gone under when it did without a bank run. This doesn't mean that the bank would've never failed.
The bank was literally (pre-run) trying to raise cash; they already didn't have enough cash before people tried to withdrawal 40B! If your bank is insolvent and trying to raise money; it's incredible rational to withdrawal your money before it collapses.
> If your bank is insolvent and trying to raise money; it's incredible rational to withdrawal your money before it collapses.
To me one of the concerns there is it certainly seemed like Peter Thiel had a lot more specific insights on how real this solvency concern was, given that late Wednesday night he told his companies to have their money out of SVB by COB the next day, and that a loan application app needed to be up and running by noon Friday.
The bank was literally (pre-run) trying to raise cash; they already didn't have enough cash before people tried to withdrawal 40B! If your bank is insolvent and trying to raise money; it's incredible rational to withdrawal your money before it collapses.