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 […]
Pennsylvania banking regulators seized the troubled lender Republic First Bancorp on Friday, marking the first regional banking failure since last
Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26). “The FDIC determined that compared to other alternatives, Fulton Bank’s […]
The collapse may conjure comparisons to the string of bank failures last spring, but here's how it's different.
Lancaster-based Fulton acquired Friday, Republic customers’ deposits are safe
Lancaster-based Fulton acquired Friday, Republic customers’ deposits are safe
The Android smartphone market in the US is quite different from Europe or Asia, in that there are fewer options, especially at the mid-range and low-end. But even when we're talking high-end, one thing is obvious - all of the top shelf devices in that market use a Qualcomm chipset. No MediaTek anywhere (and no Exynos either, for what it's worth). And that's despite the fact that MediaTek's 9000 series chips have, for a few years now, been very close in performance to Qualcomm's latest and...
Mark Diagneault went from the G League to coach Oklahoma City, and in only five years at the helm, he rebuild the squad by taking them to their best-ever record since the Russell Westbrook era. As they are currently leading their series against the Pelicans 3-0, the young tactician has just been named the NBA’s […]
Regional banks have been struggling to retain deposits as customers seek the safety of larger 'too-big-to-fail' rivals, while higher interest rates have also diminished the value of their loan books due to increased unrealized losses. Republic Bank's troubles included low liquidity, not filing annual reports detailing year-end financials with the U.S. SEC and being targeted by multiple activist investors since 2021. The beleaguered lender, which had about $6 billion and $4 billion in total...
U.S. births fell last year, resuming a long national slide. A little under 3.6 million babies were born in 2023, according to provisional statistics released Thursday by the Centers for Disease Control and Prevention. That’s about 76,000 fewer than the year before and the lowest one-year tally since 1979. U.S. births were slipping for more […]
Fulton Financial's shares gained on Monday after it launched a common stock offering to support its acquisition of the deposits and assets of Republic First from regulators, which marked the first US bank failure of 2024.
Kate Garraway marked her first birthday without her beloved husband Derek on Saturday following his tragic death in January.