FDIC’s Resolution Rule Spotlights Specter of Large Bank Failures and Megamergers

Philadelphia-based lender Republic First Bancorp has been sold after being seized by regulators. Fulton Bank, another Pennsylvania financial institution, has agreed to acquire the lender — which does business as Republic Bank — and its assets, the Federal Deposit Insurance Corp. (FDIC) announced late Friday (April 26)....

The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The regulator is approaching potential buyers and seeking bids for the bank, which has traded at a market value of less...

Deposits at U.S. banks rose last week but remain below where they were in March. The deposits rose to $17.22 trillion in the week ended June 14, up from $17.20 trillion a week earlier, the Federal Reserve reported Friday (June 23). The $17.6 billion week-over-week increase showed...

Republic First Bancorp has appointed a new CEO and chief financial officer (CFO). The holding company for Republic First Bank d/b/a Republic Bank said in a Thursday (Dec. 22) press release that Thomas X. Geisel has been appointed CEO, president and a member of the...