Philadelphia-Based Republic First Bank Collapses in First Bank Failure of 2024
By Tom Ozimek The troubled Philadelphia-based Republic First Bank has imploded, with federal regulators seizing it and arranging for it to be taken over by fellow regional lender Fulton Financial, in what marks the first bank failure of 2024. The Federal Deposit Insurance Corporation (FDIC) announced on April 26 that Republic First Bank—which did business as Republic Bank—was seized and…
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