Once deposited it’s no longer your money. The bank has a liability to you equal to the deposited amount, but you have no more control of those (virtual) dollars. That’s an asset for you, but this action is not your “investment.”

> At least the balances I have do not exceed the FDIC insurance limit per bank.

That's is both the cure and the problem. All of your money is protected by the FDIC. So it's not "At least". Your deposits are protected.

But SME companies have just realized that they are not protected and are busy rearranging their finances, which is seeing a lot of outflows from smaller banks, both to distribute money under the $250K limit as well as a "run to quality" to the big banks.

All small banks with a mix of customers leaning towards SME will be impacted.

If JPM fails you probably will have bigger issues...