Republic First Bank is reportedly expected to reopen under Fulton Bank's umbrella next week.
United States regulators have reportedly closed Philadelphia-based Republic First Bank, marking the nation's first banking failure of 2024.
“Republic First Bank failure is worth a look since bank failures are the best possible narrative we can get for crypto,” pseudonymous crypto trader Pillage Capital claimed in an April 26After Republic First was reportedly seized by the Pennsylvania Department of Banking and Securities on April 26, the Federal Deposit Insurance Corporation was appointed as its receiver.
Furthermore, the bank's 32 branches across New Jersey, Pennsylvania, and New York, will reopen under Fulton Bank's umbrella by the start of next week at the latest.Over the past hour, Bitcoin is down 1.16%, trading at $62,715 and Ether is down 0.58% trading at $3,095, as per CoinMarketCap
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Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank had roughly $6 billion in assets and $4 billion in deposits as of January 31.
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Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
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Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
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Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRepublic Bank's 32 branches will reopen as branches of Fulton Bank as early as Saturday. Republic First Bank depositors can access their funds via checks or ATMs as early as Friday night, the FDIC said.
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Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearRegulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York
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Regulators close Philadelphia-based Republic First Bank, first US bank failure this yearLancaster, Pa.-based Fulton Bank NA, agreed to assume substantially all of the failed bank’s deposits and buy essentially all of its assets.
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