FRC has presence in coasts like LA, Boston, Florida and NY. 40% of their customer base is non-bay area

Firstly you need to understand that FRC is in the wrong news because 68% of its customer base hold more than $250,000 in their accounts, I am hearing from my sources that avg uninsured account is $11 million.

Only on 4/13 we will know how many of those 68% uninsured depositors are intact and how many left, they move the scale as the bank previously held $170 billion deposits and $205 billion assets in loans and bonds

The kind of customers that bank with FRC are not in for those cheap tricks, they are wealthy and on an avg each account has $170,000 in deposits, the minimum balance to hold is $3,500 or else a $25 is charged.

Anyways 4/13 is not too far.

Imo FRC will rise or fall after 04/13 ER, only an ER can reveal actual balance sheet of theirs. AFAIK It is a very well run and a reputed bank in SF, among all banks in the SF bayarea they are the pay masters and also hire the best talent. They have a very sticky customer base with industry leading customer satisfaction ratings, hence in-spite all this, we hear on social media a lot of their customers are sticking with them through this crisis.

People playing with puts/shorting be mindful that FRC is a very respected name among banking circles(i had worked for their competitors, 2 of the big 3 banks).