Republic Bank is the first U.S. bank failure this year; the last failure was Citizens Bank, Sac City, Iowa, on November 3, 2023.” Republic Bank did not immediately respond to a request for comment.

JP Morgan Chase takes over First Republic Bank after regulatory bidding. How will the FDIC insurance fund be impacted?

As of January, Republic First Bank only had about $6 billion in assets and approximately $4 billion in deposits. Comparatively, Silicon Valley Bank had total assets valued at $209 billion.

Regulators have closed Tri-State-area lender Republic First Bank, which reportedly had $6 billion in assets and $4 billion in deposits as of January 31, 2024. The Philadelphia-based bank's closure was ...

Signature Bank’s failure followed days later, and First Republic Bank failed a few weeks after that. In total, there were five bank failures in 2023, according to the FDIC.

The FDIC says it has seized Philadelphia-based Republic First Bank. Lancaster-based Fulton Bank has agreed to assume practically all of the failed bank's deposits and buy essentially all of its ...

First Republic Bank will cease to exist on May 24, with its remaining 62 branches across the country set to close. The closures will include 25 locations in the Bay Area.

Republic Bank is the first U.S. bank failure this year; the last failure was Citizens Bank, Sac City, Iowa, on November 3, 2023.” Republic Bank did not immediately respond to a request for comment.

Republic First Bank is a separate entity from First Republic Bank, a San Francisco-based commercial bank that was closed in May 2023. The majority of the bank’s assets were sold to JPMorgan Chase.

In yet another twist in the Republic First Bank saga, the financial institution was seized Friday by regulators and acquired by the Lancaster, Pennsylvania-based Fulton Bank, which operates 200 ...