Republic First Bancorp
| Company type | Philadelphia, Pennsylvania, U.S. |
|---|---|
Key people | Vernon Hill (Chairman) |
| Website | myrepublicbank |
Republic First Bancorp, doing business as Republic Bank, was a Philadelphia-based bank from 1988–2024.
History
In 2008, the bank shifted from
commercial banking to retail banking. In 2016, the bank named Commerce Bank founder Vernon Hill as chairman.[1] In 2016, Republic Bank operated 20 locations in Pennsylvania and New Jersey.[2]
Receivership
On April 26, 2024, U.S. regulators seized Republic First Bancorp after business hours and agreed to sell it to
Fulton Financial Corp., will assume substantially all deposits and purchase all the assets of Republic Bank to "protect depositors".[3]
References
- ^ "Republic raises $100M to grow; Vernon Hill is new chairman". 5 December 2016.
- ^ "Republic Bank Opens Second Store in Cherry Hill, NJ". www.prnewswire.com (Press release). Republic First Bancorp Inc.
- ^ "US regulators seize troubled lender Republic First, sell it to Fulton Bank". Reuters. April 26, 2024. Retrieved April 26, 2024.
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