Another Bank Just Failed, How Many More Will Come?!
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Show Notes
The first bank failure of 2024 is a familiar tale. A relatively small institution in Philadelphia, by itself it doesn't really mean all that much. However, there are a couple of important developments to go along with the background which raise questions and a few concerns. Is this the second chapter for the bank crisis?
Eurodollar University's Money & Macro Analysis
FDIC Press Release
https://www.fdic.gov/news/press-releases/fulton-bank-na-lancaster-pennsylvania-assumes-substantially-all-deposits
Republic First's last SEC filing
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000834285/6c29a651-35e8-48f3-8803-6b7376b1ab7f.pdf
Republic First's last posted balance sheet
https://investors.myrepublicbank.com/financial-info/balance-sheet/default.aspx
Bloomberg's April 2024 report on FDIC soliciting bids
FDIC Is Approaching Potential Buyers of Republic First
https://www.bloomberg.com/news/articles/2024-04-24/fdic-is-said-to-approach-potential-buyers-of-republic-first
Bloomberg's October 2023 report on FDIC soliciting bids
FDIC Sought Buyers for Republic First Before Investor Deal
https://www.bloomberg.com/news/articles/2023-10-29/fdic-sought-buyers-for-republic-first-before-investor-deal
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU