Fulton Bank to take over beleaguered Republic Bank of Philadelphia

29 April 2024- Today, the Pennsylvania Department of Banking and Securities (DoBS) took possession of Republic First Bank d/b/a Republic Bank headquartered in Philadelphia, pursuant to the Department of Banking and Securities Code citing unsafe and unsound condition, in order to protect depositors. DoBS appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank. 

The FDIC entered into a purchase and assumption agreement with Fulton Bank, National Association of Lancaster, Pennsylvania to acquire deposits and substantially all of the assets of Republic First Bank. 

Customers with questions may call the FDIC toll-free at 1-877-467-0178. Interested parties may also visit the FDIC’s website