The first bank failure of 2024 happened last week when Republic First Bank, a financial institution based out of Philadelphia, was seized and closed by federal regulators. The bank reportedly faced mounting financial difficulties due to a decrease in the number of deposits it received and its mortgage lending. The bank was seeking funds to continue its
One year after Silicon Valley Bank collapsed in just 48 hours, US regulators closed another regional lender, Republic First Bank, which operated in Pennsylvania, New Jersey and New York.
Operator: Good day, and thank you for standing by. Welcome to the Fulton Financials’ First Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.