FDIC says Republic First Bank is closed by Pennsylvania regulators

[mooreds]

https://www.cnn.com/2024/04/26/business/regulators-seize-republic-first-bancorp/index.html

[tschwimmer]

Just so I can save others the confusion- this bank is distinct from First Republic Bank that failed about a year ago.

[nothercastle]

It was coming and the rates going back up was probably the final nail in the coffin

[vondur]

Didn’t know states could close banks.

[mijkal → vondur]

Banks have either a federal or state charter. This bank has a state charter.

https://www.dobs.pa.gov/Documents/DoBS%20Forms/Bank%20Forms/...