diff --git a/runtime/src/bank.rs b/runtime/src/bank.rs
index 5399c3c38890c7..65d92e286a5eae 100644
--- a/runtime/src/bank.rs
+++ b/runtime/src/bank.rs
@@ -172,7 +172,7 @@ use {
         sync::{
             atomic::{
                 AtomicBool, AtomicI64, AtomicU64, AtomicUsize,
-                Ordering::{AcqRel, Acquire, Relaxed, Release},
+                Ordering::{AcqRel, Acquire, Relaxed},
             },
             Arc, LockResult, RwLock, RwLockReadGuard, RwLockWriteGuard,
         },
@@ -1791,8 +1791,7 @@ impl Bank {
             .accounts
             .accounts_db
             .bank_progress
-            .bank_creation_count
-            .fetch_add(1, Release);
+            .increment_bank_creation_count();
     }
 
     fn bank_frozen_or_destroyed(&self) {
@@ -1804,8 +1803,7 @@ impl Bank {
                 .accounts
                 .accounts_db
                 .bank_progress
-                .bank_freeze_or_destruction_count
-                .fetch_add(1, Release);
+                .increment_bank_frozen_or_destroyed();
         }
     }
 
diff --git a/runtime/src/bank_creation_freezing_progress.rs b/runtime/src/bank_creation_freezing_progress.rs
index 1aad2acb4e6384..ad491207738f48 100644
--- a/runtime/src/bank_creation_freezing_progress.rs
+++ b/runtime/src/bank_creation_freezing_progress.rs
@@ -1,8 +1,12 @@
 //! Keep track of how many banks have been created and how many have been frozen or dropped.
 //! This is useful to track foreground progress to understand expected access to accounts db.
 use {
+    crate::waitable_condvar::WaitableCondvar,
     solana_sdk::timing::AtomicInterval,
-    std::sync::atomic::{AtomicU32, Ordering},
+    std::sync::{
+        atomic::{AtomicU32, Ordering},
+        Arc,
+    },
 };
 
 #[derive(Debug, Default)]
@@ -12,30 +16,98 @@ use {
 pub(crate) struct BankCreationFreezingProgress {
     /// Incremented each time a bank is created.
     /// Starting now, this bank could be finding accounts in the index and loading them from accounts db.
-    pub(crate) bank_creation_count: AtomicU32,
+    bank_creation_count: AtomicU32,
     /// Incremented each time a bank is frozen or destroyed.
     /// At this point, this bank has completed all account loading.
-    pub(crate) bank_freeze_or_destruction_count: AtomicU32,
+    bank_freeze_or_destruction_count: AtomicU32,
+
+    /// enable waiting for bank_freeze_or_destruction_count to increment
+    bank_frozen_or_destroyed: Arc<WaitableCondvar>,
 
     last_report: AtomicInterval,
 }
 
 impl BankCreationFreezingProgress {
+    pub(crate) fn increment_bank_frozen_or_destroyed(&self) {
+        self.bank_freeze_or_destruction_count
+            .fetch_add(1, Ordering::Release);
+        self.bank_frozen_or_destroyed.notify_all();
+    }
+
+    pub(crate) fn get_bank_frozen_or_destroyed_count(&self) -> u32 {
+        self.bank_freeze_or_destruction_count
+            .load(Ordering::Acquire)
+    }
+
+    pub(crate) fn increment_bank_creation_count(&self) {
+        self.bank_creation_count.fetch_add(1, Ordering::Release);
+    }
+
+    pub(crate) fn get_bank_creation_count(&self) -> u32 {
+        self.bank_creation_count.load(Ordering::Acquire)
+    }
+
     pub(crate) fn report(&self) {
         if self.last_report.should_update(60_000) {
             datapoint_info!(
                 "bank_progress",
                 (
                     "difference",
-                    self.bank_creation_count
-                        .load(Ordering::Acquire)
-                        .wrapping_sub(
-                            self.bank_freeze_or_destruction_count
-                                .load(Ordering::Acquire)
-                        ),
+                    self.get_bank_creation_count()
+                        .wrapping_sub(self.get_bank_frozen_or_destroyed_count()),
                     i64
                 )
             );
         }
     }
 }
+
+#[cfg(test)]
+pub mod tests {
+    use {super::*, solana_sdk::timing::timestamp, std::thread::Builder};
+
+    #[test]
+    fn test_count() {
+        solana_logger::setup();
+        let progress = BankCreationFreezingProgress::default();
+        assert_eq!(progress.get_bank_creation_count(), 0);
+        assert_eq!(progress.get_bank_frozen_or_destroyed_count(), 0);
+        progress.increment_bank_creation_count();
+        assert_eq!(progress.get_bank_creation_count(), 1);
+        assert_eq!(progress.get_bank_frozen_or_destroyed_count(), 0);
+        progress.increment_bank_frozen_or_destroyed();
+        assert_eq!(progress.get_bank_creation_count(), 1);
+        assert_eq!(progress.get_bank_frozen_or_destroyed_count(), 1);
+    }
+
+    #[test]
+    fn test_wait() {
+        solana_logger::setup();
+        let progress = BankCreationFreezingProgress::default();
+        let waiter = progress.bank_frozen_or_destroyed.clone();
+        let duration = std::time::Duration::default();
+        assert!(waiter.wait_timeout(duration));
+        let tester = Arc::new(AtomicU32::default());
+        let tester2 = tester.clone();
+
+        let thread = Builder::new()
+            .name("test_wait".to_string())
+            .spawn(move || {
+                assert!(!waiter.wait_timeout(std::time::Duration::from_secs(5)));
+                tester2.store(1, Ordering::Release);
+            })
+            .unwrap();
+        let start = timestamp();
+        let mut i = 0;
+        while tester.load(Ordering::Acquire) == 0 {
+            // keep incrementing until the waiter thread has picked up the notification that we incremented
+            progress.increment_bank_frozen_or_destroyed();
+            i += 1;
+            assert_eq!(progress.get_bank_frozen_or_destroyed_count(), i);
+            let now = timestamp();
+            let elapsed = now.wrapping_sub(start);
+            assert!(elapsed < 5_000, "elapsed: {elapsed}");
+        }
+        thread.join().expect("failed");
+    }
+}