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FDIC-insured bank seized by regulators is first US bank failure of 2024

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 ....

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Fulton Bank acquires deposits, assets of Republic First Bank

Fulton Bank acquires deposits, assets of Republic First Bank ....

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Another Bank Bites The Dust - So Who Will Be The Next Dominoes To Fall?

It appears that the people running our system have decided that it is time for a wave of consolidation in the banking industry. A key program that was keeping U.S. banks afloat was allowed to ....

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Republic First Bank seized by FDIC and sold to Fulton Bank in first bank failure of 2024

Republic First Bank seized by FDIC and sold to Fulton Bank in first bank failure of 2024
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Another Bank Bites The Dust – So Who Will Be The Next Dominoes To Fall?

It appears that the people running our system have decided that it is time for a wave of consolidation in the banking industry. A key program that was keeping U.S. banks afloat was allowed to expire last month, and everyone knew what that would mean. On Friday, the FDIC quietly announced that Republic Bank had been seized and a sale to Fulton Bank had already been arranged. ....

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