FDIC says Republic First Bank is closed by Pennsylvania regulators
by CNN
CNN— The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. “Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank,...
www.theyeshivaworld.com—Regulators Close 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, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. Fulton Bank, which […]
ABC7 Los Angeles—Regulators close Republic First Bank, marking first US bank failure this year. The lender is the first FDIC-insured institution to fail in the U.S. this year.
ABC7 Chicago—Regulators close Republic First Bank, marking first US bank failure this year. The lender is the first FDIC-insured institution to fail in the U.S. this year.