Bank Failure: Within 50 Days After Fed Chair Powell Warned "There Will Be Bank Failures", Republic First Bancorp Fails

Many banks are still vulnerable due to high interest rates.

Revelation 22:14-15 (KJV)

¹⁴ Blessed are they that do his commandments, that they may have right to the tree of life, and may enter in through the gates into the city.

¹⁵ For without are dogs, and sorcerers, and whoremongers, and murderers, and idolaters, and whosoever loveth and maketh a lie.

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Within 50 Days After Fed Chair Powell Warned "There Will Be Bank Failures", Republic First Fails

On March 7, 2024, Federal Reserve Chairman, Jerome Powell gave the testimony above before the United States Senate Banking Committee and stated, “There will be bank failures, but not the big banks.” I wrote a substack post about it here:

Now less than 60 days after giving that testimony, it was reported on Friday, April 26, 2024, that Republic First Bancorp has been seized by US banking regulators and will be sold to Fulton Bank, according to the Federal Deposit Insurance Corp. (FDIC):