Jim Cramer, the renowned stock market commentator, recently weighed in on the situation surrounding First Republic Bank.
Cramer stated that the bank's collapse could potentially signal the end of the mini banking crisis that began in March.
First Republic Bank's shares have plummeted by 43% amid growing concerns about its financial health and potential failure.
This comes after reports surfaced suggesting that the bank was most likely headed for receivership under the U.S. Federal Deposit Insurance Corporation (FDIC).
Despite earlier reports of meetings to devise a plan for the bank, shares have continued to fall, hitting a record low of $3.09.
Cramer's comments have added to the growing sense of uncertainty surrounding the bank and its future prospects.
It remains to be seen what action will be taken regarding First Republic Bank, but the situation has certainly captured the attention of both investors and financial experts alike, including Jim Cramer.