The Federal Deposit Insurance Corporation of the United States announced the closure of Republic First Bank, from Wall Street to Lujiazui

The Federal Deposit Insurance Corporation of the United States announced that Pennsylvania regulatory authorities have closed Republic First Bank, the first bank in the United States to fail this year. To protect depositors, the Federal Deposit Insurance Corporation of the United States has reached an agreement with Fulton Bank to assume and acquire almost all of the deposits and assets of Republican First Bank.

The Federal Deposit Insurance Corporation of the United States announced that Pennsylvania regulatory authorities have closed Republic First Bank, the first bank in the United States to fail this year. To protect depositors, the Federal Deposit Insurance Corporation of the United States has reached an agreement with Fulton Bank to assume and acquire almost all of the deposits and assets of Republican First Bank.

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