Republic First Bank closes, sells to Fulton Bank
Housing Wire
APRIL 29, 2024
FDIC), the appointed receiver, explained in a statement. The FDIC estimates that the cost related to the failure will be $667 million. Fulton is purchasing $6 billion in assets from Republic, including its $2 billion investment portfolio and $2.9 billion in loans. Republic had an active business that specialized in jumbo mortgage products.
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