Bank Failure Alert: Republic Bank Closed by Pennsylvania Authorities, Deposits Protected by Fulton Bank Acquisition!
Washington DC – The Pennsylvania Department of Banking and Securities made the decision to close Republic First Bank, also known as Republic Bank, today. The Federal Deposit Insurance Corporation (FDIC) has been appointed as the receiver in this process. To ensure the protection of depositors, an agreement was reached between the FDIC and Fulton Bank, National Association from Lancaster, Pennsylvania. Fulton Bank will be taking over the majority of the deposits and assets of Republic …