May 25, 2024

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Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank

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Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank
Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton BankIn the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Republic First Bank Shuttered as FDIC […]