Republic Bank just failed in the past month (not to be confused with the First R... | Hacker News

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joecool1029 on May 22, 2024 | parent | context | favorite | on: Taking Risk

Republic Bank just failed in the past month (not to be confused with the First Republic Bank that failed last year).

This newest Republic failure was a bank started by the guy who created Commerce Bancorp which was purchased by TD Bank. The guy is a piece of work: https://archive.is/DwtAx

(I wouldn't say he is young but really not the guy for the job given the history and the banking environment now)

throwaway2037 on May 24, 2024 [–]

First Republic Bank didn't fail. It was bought by JPMorgan. No customers lost any money.

joecool1029 on May 25, 2024 | [–]

It failed: https://www.fdic.gov/resources/resolutions/bank-failures/fai...

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