Bank Failures Begin Again: Philly"s Republic First Seized By FDIC

After assuming the deposits of the failed Republic First, Fulton is expected to move up several spots in the Philadelphia region for deposit share. It will also most likely consolidate some of its combined 80 branches in the region......»»

Regional bank crisis continues as Republic First Bancorp is seized by U.S. regulators and sold to Fulton Bank. read more.....»»

Regulators decided to seize Republic First after more than two years of turbulence, and reached an agreement with Fulton Bank to assume all of its deposits and 32 branches......»»

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BAKERSFIELD, Calif., April 15, 2021 /PRNewswire/ -- Valley Republic Bancorp (the "Company") (OTCQX:VLLX), the parent company of Valley Republic Bank (the "Bank"), today announced its financial results for the quarter ended March 31, 2021. 1st Qu.....»»

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The FDIC is launching a campaign in Atlanta and Houston to get low-income and minority families to open bank accounts, which will make it easier for the IRS to deliver stimulus payments......»»

The FDIC is launching a campaign in Atlanta and Houston to get low-income and minority families to open bank accounts, which will make it easier for the IRS to deliver stimulus payments......»»

The cryptocurrency trading desk will be a part of the US Global Markets division. The bank i.....»»

The banking legend has taken the reins of Republic First Bancorp, where he already served as chairman and strategic engine......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

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The federal government's forgivable loan program for businesses will begin once again on Monday, even for companies that received a PPP loan already......»»

The Philadelphia Fed's business activity index fell 15 points to 11.1 in December, it's lowest level since May, the regional Federal Reserve bank said Thursday......»»

Philadelphia Fed manufacturing index fell 6 points to 26.3 in December from 32.3 in prior month, the bank said Thursday, slightly above economists expectations of a 24.5 reading, according to a MarketWatch poll......»»

Says Jeremy Kress, a former Fed lawyer: “A Bank of Walmart or Amazon Bank could easily attract trillions of dollars in deposits, thereby increasing concentr.....»»