Regulators Near Republic Very first Bank in Philadelphia, Belongings Obtained by Fulton Bank

Amidst a time of uncertainty for banking companies across the United States, the Pennsylvania Department of Banking and Securities has taken the selection to close the doorways of Philadelphia’s Republic Initial Bank, also regarded as Republic Bank. Stepping in as the receiver, the Federal Deposit Insurance plan Company (FDIC) has facilitated Fulton Bank in assuming handle of practically all deposits and property previously held by Republic Initially Financial institution. With these changes, a new chapter begins for the lender and its buyers.

We’re right here to present you with all the up-to-date facts on this developing predicament. Continue to be tuned for much more updates as we navigate via these changes jointly.