FRBK

Republic First Bancorp Inc

FRBK

Market cap $21.7M

Overview Fund Activity

Delisted

FRBK was delisted on the 22nd of August, 2023.

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About: Republic First Bancorp Inc is an American state-chartered bank. It is principally a holding company for Republic First Bank. The bank offers a range of credit and depository banking products and services, such as consumer and commercial deposit accounts, interest-bearing demand accounts, savings accounts, secured and unsecured commercial loans, real estate loans, automobile loans, mortgages, and other products. It operates in the reportable segment of Community banking.

Employees: 556

Financials Banks - Regional

Financial journalist opinion

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.

Proactive Investors

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.

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.

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.

CNBC International TV

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.

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).

Here's What Led To Republic First's Collapse—And Why It's Different From 2023 Failures

Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.

Investors Business Daily

Republic First Bank Seized, Sold To Fulton Financial

Fulton Financial will assume the assets and deposits of Republic First Bank, which was seized Friday by Pennsylvania regulators. Fulton stock jumped.

Philly lender Republic First Bancorp seized by feds in latest regional bank collapse

The regional lender, which operated as Republic Bank, was reeling with higher costs and inability to improve profitability that prompted it to cut jobs and exit its mortgage origination business in early 2023.

US regulators set to seize Republic First Bancorp, WSJ reports

U.S. regulators are set to seize Republic First Bancorp and are nearing a deal to sell it to another lender, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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