2023-04-28 21:23:16
As of this tweet, the FDIC has NOT taken over First Republic Bank. The article in the image of this tweet says the FDIC "is preparing," to take over the bank, however, it has not happened yet. Source: [Link] NEEDS_MORE_RATINGS(4-0-3) Author
2023-04-29 05:44:10
Note above not needed. The FDIC actively preparing to take the bank over means it will be taken over. It is objectively true that the bank has failed. Hair-splitting nuance is for the replies, not community notes. [Link] NEEDS_MORE_RATINGS(0-0-0) Author
2023-04-29 05:51:32
First Republic is not the 16th largest bank in the US. According to FRB the 16th was Silicon Valley Bank. First Republic is listed in number 14th. [Link] NEEDS_MORE_RATINGS(0-0-0) Author