Regulators have closed Republic First Bank, a local lendinginstitution operating in Pennsylvania, New Jersey and New York
WASHINGTON — Regulators have closed Republic First Bank, a local lendinginstitution operating in Pennsylvania, New Jersey and New York.
The Federal Deposit Insurance Corp. stated Friday it had took the Philadelphia-based bank, which did organization as Republic Bank and had approximately $6 billion in properties and $4 billion in deposits as of Jan. 31.
Fulton Bank, which is based in Lancaster, Pennsylvania, concurred to presume significantly all of the stoppedworking bank’s deposits and buy basically all of its possessions, the company stated.
Republic Bank’s 32 branches will resume as branches of Fulton Bank as early as Saturday. Rep