Bank stocks across the country fell Monday on news of the demise of Silicon Valley Bank. Photo by Alexas Fotos on unsplash.com

Local community bank stock prices took a tumble Monday, following the lead of other U.S. regional banks after the demise of Silicon Valley Bank Friday.

Community banks operating in Fresno, Kings, Madera and Tulare counties saw stock prices down anywhere from 4-16% on Monday as the government took steps to restore confidence in the U.S. banking market.

The stock price drops for local banks weren’t as dramatic as other financial institutions. Shares of San Francisco’s First Republic Bank lost 52% Monday while PacWest Bancorp in Los Angeles dropped 24%.

Porterville-based Bank of the Sierra, the Central Valley’s largest community bank with 5.62% of the local market, saw its stock price dip about 4% Monday. Citizens Business Bank, with 5.51% of the local market, fell by 16%. Central Valley Community Bank in Fresno declined 12%. It controls 4.84% of the market.

Other local banks, including United Security Bank, Fresno First Bank and Premier Valley Bank, also saw share fall Monday.

Wells Fargo, Bank of America and JP Morgan Chase — the top three financial institutions in the Central Valley — also saw stock prices fall in the single digits Monday.