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Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

  • The Federal Deposit Insurance Corp. Seized a Philadelphia-based bank with $6 billion in assets and $4 billion in deposits, known as Republic Bank.
  • Fulton Bank from Lancaster, Pennsylvania, agreed to take over most of the failed bank's assets and deposits.
  • Republic Bank's 32 branches will reopen under Fulton Bank's name starting Saturday.
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The IndependentThe Independent

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York

·London, United Kingdom
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ReutersReuters

US regulators seize troubled lender Republic First Bancorp

U.S. regulators have seized Republic First Bancorp and agreed to sell it to another lender, the Federal Deposit Insurance Corp said on Friday.

·United Kingdom
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Associated Press NewsAssociated Press News

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank,

·United States
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abc Newsabc News

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York

·United States
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CNNCNN

FDIC says Republic First Bank is closed by Pennsylvania regulators

The Federal Deposit Insurance Corporation on Friday said that Republic First Bank was closed by Pennsylvania state regulators.

·Atlanta, United States
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KIFIKIFI

Regulators close Philadelphia-based Republic First Bank, first US bank failure this year

WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank had roughly $6 billion in assets and $4 billion in deposits as of January 31. Fulton Bank NA, which is based in Lancaster, Pennsylvania, agreed to assume substantially all of the failed bank…

·Idaho Falls, United States
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