Regulators Seize Republic First, a Troubled Philadelphia Bank [The New York Times]
Republic First Bancorp, Inc. (FRBK)
Last republic first bancorp, inc. earnings: 4/29 08:00 am
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Source: The New York Times
Regulators late Friday seized Republic First Bancorp, a troubled Philadelphia lender, in the first bank failure this year.Republic First Bancorp, known as Republic Bank, had about $4 billion in deposits at the end of January and assets worth $6 billion, the Federal Deposit Insurance Corporation said ina statement“Substantially all” of its deposits will be assumed by Fulton Bank of Lancaster, Pa., the F.D.I.C. said, with Republic First’s 32 branches in Pennsylvania, New Jersey and New York reopening as soon as Saturday as Fulton Bank branches.Founded in 1988, Republic First was smaller than the midsize banks that collapsed last year — including First Republic Bank and Silicon Valley Bank, whose assets each topped $200 billion. The F.D.I.C. expects the cost to the Deposit Insurance Fund to be $667 million.The failure comes amid continuing concern about thehealth of regional banksa presentationIt had planned to exit the mortgage business and refocus on consumer deposits. It was delisted
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News
- Republic First Bancorp, Inc. (NASDAQ: FRBK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Republic First Bancorp, Inc. (NASDAQ: FRBK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Republic First Bancorp, Inc. (NASDAQ: FRBK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Republic First Bancorp, Inc. (NASDAQ: FRBK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Republic First Bancorp, Inc. (NASDAQ: FRBK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
FRBK
Sec Filings
- 3/1/24 - Form SC
- 2/29/24 - Form 8-K
- 2/28/24 - Form SC
- FRBK's page on the SEC website