Republic First Bancorp, Inc.
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- Republic First Bancorp, Inc. Republic First Bancorp, Inc. (FRBK) serves as the holding company for Republic First Bank, a regional bank offering credit and depository products to individuals and businesses primarily in Pennsylvania, New Jersey, and New York. The bank provides consumer and commercial deposits including checking accounts, interest-bearing demand deposits, money market accounts, savings accounts, sweep accounts, individual retirement accounts, and certificates of deposit; lending products such as secured and unsecured commercial loans, real estate loans, construction and land development loans, automobile loans, home improvement loans, mortgages, home equity lines of credit, and overdraft lines of credit; and additional services like lockbox processing. Founded in 1987 and headquartered in Philadelphia, Pennsylvania, the institution shifted from commercial to retail banking focus around 2008 and operated approximately 32 branches across its core markets until recent developments. In April 2024, regulators seized Republic First Bank due to financial distress, with Fulton Bank, a subsidiary of Fulton Financial Corporation, acquiring substantially all assets—including a $2 billion investment portfolio and $4.2 billion in deposits—and assuming related liabilities at a $374 million discount, effectively ending independent operations. Fulton subsequently integrated Republic First's branches and customer base, doubling its Philadelphia market presence and projecting 20% earnings-per-share accretion in 2025 from the transaction. Republic First Bancorp filed for Chapter 11 bankruptcy reorganization in August 2024, with its shares trading over-the-counter under FRBKQ amid negligible market capitalization.
Republic First seizure signals more bank failures to come, expert warns
What You Need To Know About the First US Bank Failure of 2024
Fulton Financial reaps rewards of Republic First takeover
Fulton Financial reaps rewards of Republic First takeover
Fulton Financial rallies on plan to buy Republic First Bank — the first U.S. bank failure of 2024
Fulton Financial jumps after buying failed Republic First Bank's deposits, assets
Republic First Sold to Fulton in Latest Regional Bank Failure
Republic First Sold to Fulton in Latest Regional Bank Failure
Here's What Led To Republic First's Collapse—And Why It's Different From 2023 Failures
Republic First Bank Seized, Sold To Fulton Financial
Philly lender Republic First Bancorp seized by feds in latest regional bank collapse
US regulators set to seize Republic First Bancorp, WSJ reports
Report: FDIC Seeking Buyers for Republic First Bancorp
Report: FDIC Seeking Buyers for Republic First Bancorp
Republic First Bancorp and Norcross Braca Group Provide Update on Closing of $35 Million Capital Investment
Republic First Bancorp's stock rockets as it seals $35M investment and FDIC calls off auction
Investor group to infuse $35 mln in troubled Republic First Bancorp
Republic Bancorp and Norcross Braca Group Announce $35 Million Investment
Republic Bank and Norcross Braca Group Announce Signing of Letter of Intent
Republic Bank Launches Food Drive in Partnership With the Food Bank of South Jersey