Republic First Bank Seized, Sold To Fulton Financial

Republic First Bank was seized by Pennsylvania regulators Friday. The FDIC reached a deal with Fulton Financial (FULT) to assume substantially all deposits and purchase substantially all assets of the Republic Bank.X As of Jan. 21, Republic Bank had about $6 billion in total assets and $4 billion in total deposits. Republic Bank's 32 banks in New Jersey, Pennsylvania and New York will reopen as Fulton Bank branches.The FDIC estimates the deposit insurance cost reflated to Republic Bank's failure at $667 mil ...