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The Bank of Bird-in-Hand in Pennsylvania is one of the country's more than 4,000 lenders. It has thrived by catering to the Amish community in the town of Bird-in-Hand. Its mobile branches, like the one pictured here, travel to remote parts of the state, carrying with them ATMs and a teller window. Bank of Bird-in-Hand hide caption

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Bank of Bird-in-Hand

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

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A.J. King, the CEO of Three Rivers Bank in Kalispell, Mont., sitting at his office. King says his bank shouldn't have to pay for mismanagement at Silicon Valley Bank and Signature Bank. Courtesy of A.J. King hide caption

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Courtesy of A.J. King

It cost $22 billion to rescue two failed banks. Now the question is who will pay

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Karen Bleier/AFP via Getty Images

A Great Recession bank takeover

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The First Republic Bank sign is shown in Oakland, Calif., in front of one of the lender's offices on March 16, 2023. First Republic shares continued to fall on Monday amid concerns about its financial health. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp., said late Sunday, March 19, 2023. Bobby Caina Calvan/AP hide caption

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Bobby Caina Calvan/AP
Spencer Platt/Getty Images

A customer exits a First Republic Bank branch in Manhattan Beach, Calif., on March 13, 2023. The midsized lender was rescued by a group of top banks after suffering an exodus of depositors following the collapse of two U.S. banks. Patrick T. Fallon/AFP via Getty Images hide caption

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Patrick T. Fallon/AFP via Getty Images

Traders work on the floor of the New York Stock Exchange in New York City on Tuesday. Stocks tumbled on Wednesday amid fears that worries about the banking system were widening to other parts of the world. Timothy A. Clary/AFP via Getty Images hide caption

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Timothy A. Clary/AFP via Getty Images

Stocks drop as fears grow about the global banking system

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The FDIC normally insures deposits up to $250,000. It made an exception when Silicon Valley Bank and Signature Bank collapsed, guaranteeing all deposits at both banks. Peter Morgan/AP hide caption

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Peter Morgan/AP

Will the FDIC's move to cover uninsured deposits set a risky precedent?

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A pedestrian speaks on a mobile telephone as he walks past Silicon Valley Bank's headquarters in Santa Clara, Calif., on Friday after a run on deposits made it no longer tenable for the bank to stay afloat on its own. Noah Berger/AFP via Getty Images hide caption

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Noah Berger/AFP via Getty Images

Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) in New York City on March 10, 2023. Bank shares slumped on Monday despite U.S. regulator action to protect deposits at Silicon Valley Bank and Signature Bank. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images