It seems Citizens banks made out with $20B of potential profit with very little downside. Hope I am wrong. Hope FDIC retained claims against SVB loan assets equal to what FDIC paid out to depositors that wanted to RUN (about $20B?)

Why you think Citizens made out with $20 billion in profit? And... why do you think a bank like Bank of America wouldn't have made a higher bid offer to make a measly $19 billion?

Not sure but things are moving fast and BAC may be kicking itself like other banks once they learned about the Citizens bank deal. I am guessing. My reasons for my thinking: It is reported that FDIC lost $20B in SVB bailout. SVB loan portfolio is healthy so this loss must be just payouts to depositors that wanted their money. Didnot see any reports that FDIC will get back those payouts from the loan portfolio (eventualy).