Regulators closed Philadelphia-based Republic First Bank, making it the first US bank failure this year.
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
The failure of Republic First Bank is expected to cost the deposit insurance fund $667 million. The lender is the first FDIC-insured institution to fail in the U.S. this year. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators 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.
Read more »
Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
Read more »
Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
Read more »
Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRepublic Bank's 32 branches will reopen as branches of Fulton Bank as early as Saturday. Republic First Bank depositors can access their funds via checks or ATMs as early as Friday night, the FDIC said.
Read more »
Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
Read more »
Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearLancaster, Pa.-based Fulton Bank NA, agreed to assume substantially all of the failed bank’s deposits and buy essentially all of its assets.
Read more »