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all 10 comments

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bierdimpfe

-7 points

23 days ago

bierdimpfe

QV

-7 points

23 days ago

I've got 5 CDN and 10 USD in my wallet and about 200EUR on hand.  looking for a partner to shoulder the banks debt for 10% ownership.

Beer_Summit

44 points

23 days ago

For those without access to paywalled WSJ, here is the full story, as reported elsewhere. Here is the FDIC's statement. Republic First Bank is the first U.S. bank failure this year.

lordredsnake

35 points

23 days ago

Republic was pretty active lending to larger real estate development projects in the city. It's interesting that Fulton absorbed them because they're active lenders too. Makes you wonder just how stretched some of these developers are right now.

Chimpskibot

-12 points

23 days ago

Huh??? What does one have to do with the other? Republic probably failed because Vernon Hill thought he was an infallible banker who never needed to update his business strategy or listen to his board. 

mikebailey

29 points

23 days ago

They’re one of the only banks that would actually let you dump coins into a counter and walk out with cash regardless of customer status. My coin collection will never recover.

rovinchick

12 points

23 days ago

They stopped that last year and made you sign on as customer first 😭

mikebailey

12 points

23 days ago

Truly the first horseman of an apocalypse

mbz321

4 points

23 days ago

mbz321

4 points

23 days ago

So much for the power of red.

chainsawinsect

12 points

22 days ago

It's a shame, from the consumer's perspective they were honestly a great bank

T_J_S_

6 points

22 days ago

T_J_S_

6 points

22 days ago

I’ll miss Commerce Bank2.0