FDIC closes Philadelphia-based Republic First Bank
PHILADELPHIA, Pennsylvania: The Federal Deposit Insurance Corporation (FDIC) has closed Philadelphia-based Republic First Bank, a regional lender operating in Pennsylvania, New Jersey, and New York.
On April 26, the FDIC confirmed that it had seized the failed bank, which operated as Republic Bank and had some US$6 billion in assets and $4 billion in deposits as of January 31.
The agency said that Fulton