The Philadelphia-based bank was seized by the Pennsylvania Department of Banking and Securities. Republic Bank had about $6 billion in total assets and $4 billion in total deposits, as of January 31, 2024. The FDIC estimated the cost of the failure to its fund would be $667 million.
(Reuters) - Capital One Financial's first-quarter profit rose 35% as customers paid more on the company's credit-card loans amid higher interest rates. Net interest income (NII) - the difference between what it makes on loans and pays out on deposi.
US Regulators Set to Seize Republic First Bancorp, WSJ Reports usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Pennsylvania s Republic First Bank Seized forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.