FINANCE

Not All Bank Failures Are Created Equal

Remembering the bank founded by Jackie Robinson and how regulators dealt with its demise

Freedom National Bank, founded by baseball legend Jackie Robinson, was once one of the largest Black-owned and operated banks in the U.S. Photo Credit: Rachel Robinson, credit: Bruce Williams

This month, the Federal Deposit Insurance Corporation announced its seizure of New York’s First Republic Bank. The bank’s failure was second only to that of Washington Mutual’s collapse amid the 2008 financial…