Wachovia faced a silent bank run; FDIC forced sale

We all knew that Wachovia was in dire straights and that Citi was in talks to bail them out, however, When Wachovia opened on Monday, it didn't have the liquidity to run the bank.
The FDIC forced the sale of Wachovia to Citi.
Consumers of the bank started a silent run on accounts and swiftly started withdrawing their funds from accounts. The FDIC realized that even with the bail out plan talks taking place through out the weekend, wouldn't help Wachovia in its current state in time. Wachovia didn't have the funds to cover the consumer.