Bidenomics continues to wreak havoc on American finance and commerce, but wasn’t this always the intended effect?
Yet another regional bank has collapsed and was seized by federal authorities on Friday. Republic First Bancorp, a Philadelphia-based regional bank, collapsed on Friday and was first seized by Pennsylvania state authorities.
The bank and its assets, including customer deposits, were passed on to the Federal Insurance and Deposit Corporation (FDIC) to be auctioned off.
Trending: Horrifying Scenes Out of Athens, Greece: Muslim/Leftwing Lynch Mob Hunt Down Jewish Tourists
Fulton Bank won the auction and will be taking over all of Republic First’s branches and operations effective on Saturday morning.
This latest regional banking collapse has once again stoked fears of a broader banking collapse in the United States, as the regional banking consolidation continues.
A press release was issued on Friday
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!