Regulators late Friday Seized Republic First First bank to fail this year

The relatively small bank, the first to fail this year

Republic First  had about $4 billion in deposits at the end of January. 

Founded in 1988, Republic First was smaller than the midsize banks that collapsed last year — including First Republic Bank and Silicon Valley Bank, whose assets each topped $200 billion. 

The F.D.I.C. expects the cost to the Deposit Insurance Fund to be $667 million.

New York Times 26 April 2024

https://www.nytimes.com/2024/04/26/business/republic-first-bank-failure.html


The Bank Run of 2023 Could Easily Happen Again

Bill Dudley Bloomberg 1 april 2024

https://englundmacro.blogspot.com/2024/04/the-bank-run-of-2023-could-easily.html



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