Republic First seizure signals more bank failures to come, expert warns

  • The seizure of Republic First marked the first bank failure in the U.S. in 2024 and has reignited concerns of contagion after a string of regional banks collapsed early last year.

What You Need To Know About the First US Bank Failure of 2024

  • Fulton Financial (FULT) shares surged Monday after the bank said it acquired the debt and deposits of Philadelphia-based Republic First Bank following the first bank failure of 2024. Republic First Bank was seized by regulators Friday after a deal for $35 million in funding reportedly fell apart earlier this year.
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The price of Republic First Bancorp, Inc. (FRBK) is 0.005 and it was updated on 2024-06-17 07:01:25.

Currently Republic First Bancorp, Inc. (FRBK) is in undervalued.


Fulton Financial reaps rewards of Republic First takeover

  • Fulton Financial Corp shares staged an 8.5% rally on Monday after taking control of deposits and assets formerly belonging to regional bank Republic First. US regulators on Friday seized Republic First's $10 billion worth of deposits and assets and FDIC was appointed as its receiver following a prolonged liquidity crunch.
    Mon, Apr. 29, 2024

Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024

  • Fulton Financial Corp.'s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year's first bank liquidation.
    Mon, Apr. 29, 2024

Fulton Financial jumps after buying failed Republic First Bank's deposits, assets

  • Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.
    Mon, Apr. 29, 2024

Republic First Bank's failure is not a sign of broader problems among regional banks: Analyst

  • David Smith of Autonomous Research discusses why he thinks Republic First Bank is not a "canary in the coal mine" and how a higher-for-longer interest rate environment might affect the regional bank sector.
    Mon, Apr. 29, 2024

Republic First Sold to Fulton in Latest Regional Bank Failure

  • Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26).
    Sun, Apr. 28, 2024
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