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Republic First Bancorp, doing business as Republic Bank, ... On September 5, 2024, Republic First Bancorp filed for Chapter 11 bankruptcy protection. Republic First ...
Republic First Bank is a separate entity from First Republic Bank, a San Francisco-based commercial bank that was closed in May 2023. The majority of the bank’s assets were sold to JPMorgan Chase.
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31.
Stock in the parent firm, Republic First Bancorp, Inc., was trading at about $4.30 per share when the Norcross assault began. It had a final value of $0.01 per share shortly before 2 p.m. Friday.
Republic First Bank depositors can access their funds via checks or ATMs as early as Friday night, the FDIC said. The bank's failure is expected to cost the deposit insurance fund $667 million.
First Republic Bank was a commercial bank and provider of wealth management services headquartered in San Francisco, California, United States. It catered to high-net-worth individuals and operated 93 offices in 11 states, primarily in New York, California, Massachusetts, and Florida. [ 2 ]
Chapter 11 bankruptcy and liquidation Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender [2] August 6, 2007 ...
First Republic Bank, San Francisco. 05/01/2023. Signature Bank, New York. 03/12/2023. Silicon Valley Bank, Santa Clara, Calif. 03/10/2023. List of failed banks from 2009 – 2020