Report: FDIC Seeking Buyers for Republic First Bancorp
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Bank Failures Begin Again: Philly's Republic First Seized By FDIC
Bank Failures Begin Again: Philly's Republic First Seized By FDIC Who could have seen that coming? (here, here, here, and most detailed here) March will be lit: 1. Reverse repo ends 2. BTFP expires 3. Fed cuts (allegedly) 4. QT ends (allegedly) — zerohedge (@zerohedge) January 8, 2024 Admittedly, we were a couple of weeks off, but trouble has been brewing in the banking sector and tonight - after the close - we get the first bank failure of the year. The FDIC just seized the...
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FDIC says Republic First Bank is closed by Pennsylvania regulators
By Luciana Lopez and Samantha Delouya, 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
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FDIC says Republic First Bank is closed by Pennsylvania regulators
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,...