Summary
Republic First bancorp, a regional bank based in Philadelipha, collapsed Friday and was seized by PA state and subsequently turned over to the Federal Deposit Insurance Corporation (FDIC; an arm of the Federal Reserve).
Fulton Bank won the auction and will be taking over all of Republic First’s branches and operations effective on Saturday morning
Summary
> * Republic First bancorp, a regional bank based in Philadelipha, collapsed Friday and was seized by PA state and subsequently turned over to the Federal Deposit Insurance Corporation (FDIC; an arm of the Federal Reserve).
> * Fulton Bank won the auction and will be taking over all of Republic First’s branches and operations effective on Saturday morning
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