Another Bank specializing in Tech loans and services for “High Net Worth Individuals”, but more of a Public bank than SVB was.
The cashless society people really want that cash!
https://twitter.com/_/status/1634783756656492544
https://twitter.com/_/status/1634790617627914240
Contagion has already spread. My local First Republic Bank was closed today (normally open), could not do wires or transfers online, and also their app is down. pic.twitter.com/h9dWSFFGli
— Maximilliøn Head 🇺🇸 (@MaximillionHead) March 12, 2023
#FirstRepublicBank
Institutional investors hold a majority ownership of $FRC through the 99.63% of the outstanding shares that they control— LambChop (@ThegreatLambiny) March 12, 2023
h/t Flying Elvii