Philadelphia-based Republic First Bancorp with $6 billion in assets and $4 billion in deposits was seized by regulators on Friday. Federal Deposit Insurance Corporation took a $667 million loss when they sold the bank to Pennsylvania regional Fulton Bank.
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Republic First Bank of Pennsylvania Becomes…
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Philadelphia-based Republic First Bancorp with $6 billion in assets and $4 billion in deposits was seized by regulators on Friday. Federal Deposit Insurance Corporation took a $667 million loss when they sold the bank to Pennsylvania regional Fulton Bank.