REPUBLIC BANK Failed 2024

PHILADELPHIA, PA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

REPUBLIC BANK of PHILADELPHIA, PA was closed on 2024-04-26. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FULTON BANK, NATIONAL ASSOCIATION (LANCASTER, PA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4110
FDIC Certificate
27332
FDIC FIN
10546
Bank name
REPUBLIC BANK
Location
PHILADELPHIA, PA
Failure date
2024-04-26
FDIC resolution date
2024-04-26
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$720M
Deposits at failure
$4,374M
Assets at failure
$5,866M
Acquiring bank
FULTON BANK, NATIONAL ASSOCIATION (LANCASTER, PA)