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Comment on Republic First Bank Seized by Regulators–First Bank Collapse of 2024

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I had an account at this bank for a few years, and didn’t know about the collapse until reading this in Hacker News. I did receive a weird email from the bank today that my account was being migrated to a different bank.

Republic First was kind of a crappy bank. The website was bad, the customer service was bad, and most of their marketing prominently featured their CEO with his dog sitting on his lap in front of a new branch they’d just opened up.

A few years ago the bank started making it difficult to withdraw money from your accounts. They had ridiculously low limits for free transfers, and I ended up having to pay wire transfer fees to get my money out of the bank.

It was a weird place. Always got the vibe that some old money family ran it poorly.

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