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!
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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
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