FRBK
Republic First Bancorp IncFRBK
FRBK
Delisted
FRBK was delisted on the 22nd of August, 2023.
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
Financial journalist opinion
Negative
Fox Business
1 year ago
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.
Positive
Proactive Investors
1 year ago
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.
Positive
Market Watch
1 year ago
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.
Positive
Reuters
1 year ago
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.
Positive
CNBC International TV
1 year ago
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.
Negative
PYMNTS
1 year ago
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).
Negative
Forbes
1 year ago
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.
Neutral
Investors Business Daily
1 year ago
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.
Negative
New York Post
1 year ago
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.
Negative
Reuters
1 year ago
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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