Here We Go… First Republic Bank Plunges 66% in Pre-Market – Western Alliance Bank Down 62% – Customers Line Up in California!

Here we go.
First Republic Bank is down 66% this morning before Monday’s open.

Here we go. https://t.co/5wirp2c4O8

— Catturd ™ (@catturd2)March 13, 2023

JUST IN ???? Bank stocks in pre-market trade:

Western Alliance Bancorporation down 62%

First Republic Bank down 64%

PacWest Bancorp down 42%

Charles Schwab down 8.52% pic.twitter.com/0uNPxAq72f

— Insider Paper (@TheInsiderPaper)March 13, 2023

Today, we announced a further strengthening and diversification of our liquidity position. This increase in available liquidity further reinforces the safety and stability of First Republic. We are grateful to our clients for their continued support. https://t.co/eucaVOEjoy

— First Republic (@firstrepublic)March 13, 2023

People lining up to pull money out of First Republic Bank in Brentwood, LA this weekend.

Wealthy neighbourhood with many uninsured accounts over $250,000.

The banks stock is down 33% in the last week.

Is this what the start of a bank run looks like? pic.twitter.com/yU1xR8JKUw

— Genevieve Roch-Decter, CFA (@GRDecter)March 12, 2023