BANK RUN! Customers Line Up Outside First Republic Bank Branches

Customers across California lined up outside branches of First Republic Bank to withdraw their money. The bank run came over fears that First Republic might suffer the same fate as Silicon Valley Bank. Shares of First Republic tumbled 51% to $47.25 at 9:49 a.m. Friday in New York, while PacWest dropped 37%, triggering trading halts for both. Click here to read Todd’s commentaries ad-free for just $8 per month.

MARKET CRASH ALERT: Lines from at FIRST REPUBLIC BANK in Los Angeles..

ANOTHER ONE?

pic.twitter.com/JwGZJWLHAL

— Chuck Callesto (@ChuckCallesto) March 11, 2023

Scenes from First Republic bank branches in California today.

Monday's going to be interesting… pic.twitter.com/Pas0Bcut2Y

— Citizen Free Press (@CitizenFreePres) March 11, 2023

First Republic Bank $FRC

-50% today 😱 pic.twitter.com/eq19mPDKrG

— TradingView (@tradingview) March 10, 2023

Standing room only at #firstrepublic Menlo Park today. Monday should be interesting. pic.twitter.com/3xJNtTrj4G

— Tweety McTweeterson (@DaveLeeWilson) March 11, 2023