I dont use a bank. I use a credit union for basic services (checking, savings, VISA card). My retirement funds are manged by a retirement financial services group and are in mostly mutual funds.
I think my assets are more secure than if they were in a bank, but I presume the fall out of this banking failure can have ripple effects into these other institutions.
I've been a credit union member for many years. My credit union survived the great financial crisis. There were CU failures, but the big problem was with what is called corporate credit unions. They offered services to customer based credit unions.
Before the GFC hit, I had a checking account and CD's with a big money center bank(BMCB) and played ping pong to get the best rates between my CU and the BMCB. At some point before the banking crisis took off, the BMCB started limiting electronic transfers leaving the bank. Of course there was no restrictions on electronic transfers going into the bank.
The final straw with the BMSB was they wouldn't let me terminate a CD prematurely online. I had to do it in person. The closest BMCB office was over a hundred miles away. I made the trip and closed out everything except my AA miles card..
A ripple effect indeed.
These bank failures will speed up their CBDC type designs on our financial system.
Then, if you do or say anything they don't like or vote in the wrong way, they can shut off your access to your money with a keystroke.