In my experience working for FDIC processing the assets from a failed bank can take several years or even longer if there is fraud involved.
Yeah, but there’s not been any allocation of Fraud, has there?
The issue here is that banks were forced to buy assets at near zero yields to cover deposits, and now the Federal Reserve has jacked up rates so fast, that those assets have paper losses.
Liquidating them all at today’s market rates to pay depositors realizes those losses.