Bank failure · PA
Republic Bank (Philadelphia, PA) — failed April 26, 2024
Republic Bank of Philadelphia, Pennsylvania was closed on April 26, 2024 and resolved through a purchase and assumption. Fulton Bank, National Association (PA) took over its insured deposits. At failure it held $5.9B in assets and $4.4B in deposits. The FDIC's estimated loss on the failure is $709.6M (12.1% of assets).
- Closing date
- April 26, 2024
- FDIC certificate #
- 27332
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Fulton Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials