# REPUBLIC BANK

> **Failed bank** · PHILADELPHIA, PA · failed 2024-04-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $720M

## What happened

REPUBLIC BANK of PHILADELPHIA, PA was closed by regulators 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
- **Estimated FDIC DIF cost:** $720M
- **Deposits at failure:** $4,374M
- **Assets at failure:** $5,866M
- **Acquiring bank:** FULTON BANK, NATIONAL ASSOCIATION (LANCASTER, PA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=REPUBLIC%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, REPUBLIC BANK (FDIC ID 4110), failed 2024-04-26. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/4110.

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