Post AThaimBF7rkDBksDVw by Judith_IP@mastodon.social
(DIR) More posts by Judith_IP@mastodon.social
(DIR) Post #AThHU1FCwDWeR4ygDo by brewsterkahle@mastodon.archive.org
2023-03-17T05:41:25Z
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We love First Republic Bank, so my wife and I are depositing money INTO First Republic Bank (beyond the insured limit).There is no risk, the government has assured, but people are still drawing out money. This is hurting the bank we have felt supported by. This may be symbolic at this point, but maybe it will cause some to pause.
(DIR) Post #AThL9b2J4L7ZB5Sc4W by j9t@mas.to
2023-03-17T06:22:33Z
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@brewsterkahle, did you just invent the reverse bank run
(DIR) Post #AThaimBF7rkDBksDVw by Judith_IP@mastodon.social
2023-03-17T09:16:52Z
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@brewsterkahle We also bank with FirstRepublic. We pulled out enough money to make payroll in case our accounts are temporarily frozen, but otherwise we don't believe it's a risk.
(DIR) Post #AVDQ84f17dHpUSCK3M by Bongolian@universeodon.com
2023-05-01T15:35:22Z
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@brewsterkahle Oopsie!https://www.cnn.com/2023/05/01/business/first-republic-purchase-hnk-intl/index.html