SVB 5k Silicon Valley First Annual Bank Run T Shirt
Edit content from UX Blocks > Lightbox Sizechart
About Design of SVB 5k Silicon Valley First Annual Bank Run T Shirt
SVB 5k Silicon Valley First Annual Bank Run Shirt features a design with the quote “SVB 5k Silicon Valley First Annual Bank Run 03. 10. 23” in blue text and an image of a group of people running with bags of money. But what does it mean?
The Silicon Valley Bank (SVB) 5k Bank Run is a clever and satirical way to a historical event in March 2023 when Silicon Valley Bank, one of the largest banks serving the tech industry, experienced a massive customer deposit withdrawal and collapsed. It marked the second-largest bank failure in U.S. history after Washington Mutual in 2008.
The bank run was triggered by a combination of factors, including a challenging patch for tech companies, rising interest rates, declining bond values, and lackluster financial reports that raised concerns about solvency. Panic quickly spread on social media and online platforms, where tech entrepreneurs and investors discussed their concerns and withdrawal plans. Prominent figures like Michael Burry, the investor who famously predicted the subprime mortgage crisis, also sounded alarms about the potential collapse.
Within two days, customers had withdrawn $42 billion from the bank, nearly a quarter of the bank’s total deposits. The bank could not raise enough capital to sustain its operations and was seized by federal regulators on a fateful Friday in March 2023. The government decided to guarantee all deposits at the bank, exceeding the $250,000 limit for insured deposits, to prevent further chaos and losses for business and individual account holders.
The quote “SVB 5k Silicon Valley First Annual Bank Run 03. 10. 23” means that the bank run was a planned and organized event akin to a charity run or marathon.
The Silicon Valley Bank Bank Run was fun, healthy, and charitable. The proceeds from the run supported various causes to foster innovation, education, and diversity in the tech industry.
Product Detail
Brand: TheKingShirts
Fit: Unisex
Category: Interest and Funny T Shirts
About Manufacturer
1. Gildan
For Unisex, Crewneck Sweatshirt, Hooded Sweatshirt, Long Sleeve Tee, Tank Top, and Kids’ Heavy Cotton Tees products, we choose the manufacturer named “Gildan.”
Gildan is a very famous t-shirt manufacturer in the US. Their products are plain T-shirts with premium and sturdy fabric, plain and no printing images, in all sizes, and many background colors with classic styles for each type of item which are suitable for all ages and genders.
The shirt is manufactured with special thread-woven techniques, creating a product with high softness, smoothness, thickness, inelasticity, and high durability after many washes.
The cotton composition and weight of each shirt will depend on the shirt’s color and the style you choose.
2. Next Level
For Women’s Tees and Women’s Ideal Racerback Tanks, we choose Next Level as the manufacturer.
As a long-standing reputable factory established in 2003, Next Level is always committed to producing the highest quality products, from fabrics to small cutting lines; they are all environmentally friendly. The product is also durable after many washes and does not fade over time.
3. Bella Canvas
For Unisex T-Shirt, we have more options for customers is the Bella Canvas brand.
Bella+Canvas is a well-established and renowned apparel manufacturer known for producing high-quality, fashionable, and comfortable clothing. With a commitment to sustainability and innovation, Bella+Canvas has become a prominent name in the fashion industry.
Founded in 1992, Bella+Canvas focus on using premium fabrics, modern designs, and a streamlined manufacturing process has set them apart as a leading brand in the market.
Bella+Canvas places a strong emphasis on ethical and environmentally conscious practices. They prioritize responsible sourcing of materials, incorporating sustainable production methods, and minimizing their environmental impact with production standards: WATER REDUCTION, ENERGY REDUCTION, and VIRTUALLY ZERO WASTE. This dedication to sustainability has resonated with consumers who are increasingly seeking eco-friendly fashion options.
Shipping Information
- Production Time: All orders are processed within 2 - 3 business days. Processing Time: It takes 2 - 3 days to ship your order to our warehouse, put your name and address on it and ship out.
- Shipping Time: You will receive your order anywhere from 4 - 7 business days for US customers and 7-12 days for International customers (depending on the shipping method you chose) from the date that it is shipped out, not the date the order is placed.
- Shipping Rate: $5.99 for US domestic customers and $8.49 for international guests.
- Return & Exchange: A full-refund of your purchase! Absolutely risk-free, no question asked. In case of defective or damaged goods, we will send a replacement to you (No any extra fee) within 30 days since your purchase.
- Tracking Number: When available, we will send you the tracking number with the confirmation email so that you can track the package online.
- Worldwide Shipping Available: At TheKingShirts, we ship products to over 100 countries worldwide. Shipping rates and fees may vary depending on your country or region.
- If you have any questions, please email us: [email protected]