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The First Bank Failure of 2024 Leaves a 1-Cent Stock for Investors and $667 Million in Losses for the FDIC
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The First Bank Failure of 2024 Leaves a 1-Cent Stock for Investors and $667 Million in Losses for the FDIC

by Pam Martens and Russ Martens‚ Wall St On Parade: Quietly on Friday‚ the FDIC announced the first federally-insured bank failure of 2024‚ the publicly-traded Republic First Bancorp (ticker FRBK) which did business as Republic Bank. In an unsettling sign of the times‚ this federally-insured bank was trading at 1-cent on Friday; down from 27-1/2 cents last […]
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