I'm not sure there are any uninsured depositors in this case. The FDIC ensures the minimum they get back, but the remainder is first in line when the bank is sold. They will likely be made whole or mostly whole. It's the shareholders who are truly going to lose most or all of their investment.
It's sad that depositors could lose money that was supposed to be guaranteed. But not as tragic as the scenario that the OP seemed to suggest, where retirees lost a large portion of their fixed income.
It's sad that depositors could lose money that was supposed to be guaranteed. But not as tragic as the scenario that the OP seemed to suggest, where retirees lost a large portion of their fixed income.