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Republic First Bank Seized by Regulators–First Bank Collapse of 2024

37 点作者 sahin大约 1 年前

3 条评论

tom_vidal大约 1 年前
I had an account at this bank for a few years, and didn’t know about the collapse until reading this in Hacker News. I did receive a weird email from the bank today that my account was being migrated to a different bank.<p>Republic First was kind of a crappy bank. The website was bad, the customer service was bad, and most of their marketing prominently featured their CEO with his dog sitting on his lap in front of a new branch they’d just opened up.<p>A few years ago the bank started making it difficult to withdraw money from your accounts. They had ridiculously low limits for free transfers, and I ended up having to pay wire transfer fees to get my money out of the bank.<p>It was a weird place. Always got the vibe that some old money family ran it poorly.
blackhawkC17大约 1 年前
How funny that First Republic bank failed last year, and Republic First fails this year.<p>Maybe customers mistook the latter for the former and started pulling their deposits..
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diebeforei485大约 1 年前
This will continue as long s interest rates stay high.