2024's First Bank Collapse: The Continuation of a Banking Crisis? | Tuesday Morning Check-In
Apr 30 2024
42 mins
Republic First Bank, a Philadelphia-based regional lender, was shut down by Pennsylvania's bank regulator and the FDIC, marking the first bank failure of 2024. The FDIC arranged for Fulton Bank to acquire the assets of Republic First, amid concerns from experts that this could signal a trend of more bank failures due to factors like high-cost deposits and a deteriorating commer