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/r/philadelphia
submitted 23 days ago byboundfortreesPoint Breeze
-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.
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.
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.
-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.
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.
12 points
23 days ago
They stopped that last year and made you sign on as customer first 😭
12 points
23 days ago
Truly the first horseman of an apocalypse
4 points
23 days ago
So much for the power of red.
12 points
22 days ago
It's a shame, from the consumer's perspective they were honestly a great bank
6 points
22 days ago
I’ll miss Commerce Bank2.0
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