Bank “Crypto Community Shocked as US Regulators Close Republic First Bank”
Philadelphia, Pennsylvania – Regulators have made the decision to close Republic First Bank, a Philadelphia-based institution. The Federal Deposit Insurance Corporation (FDIC) announced that the bank will be reopening under the ownership of Fulton Bank, N.A. of Lancaster, Pennsylvania. The move comes following concerns regarding the financial stability of Republic First Bank. The FDIC stated that Fulton Bank will be assuming all the deposits of Republic First Bank in an effort to ensure the continuity …