Republic Bank Shuts Down; FDIC Coordinates $10 Billion Asset Transfer to Fulton Bank US regulators have closed Republic Bank, marking 2024’s first bank failure. The FDIC is safeguarding $10 billion, comprising $6 billion in assets and $4 billion in customer deposits, transferring them to Fulton Bank. Republic Bank’s 32 branches across New Jersey, Pennsylvania, and New York will resume operations under Fulton Bank this weekend or Monday, depending on regular branch hours. Customers can access funds through checks, ATMs, or debit cards. This transition follows significant bank failures in the previous year and comes amid ongoing concerns about the banking sector’s stability due to its connections with the volatile commercial real estate market and US Treasuries. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Walmart and Target Cut Prices Amid Persistent Inflation Concerns READ MORE What is a Troy Ounce? READ MORE Unearthing Deception: The $6 Billion Mining Fraud That Shocked the World READ MORE Gold to $2,500? And Why This Silver Asset Should Top Your List READ MORE Goldman Sachs: Rising Unemployment Not a Recession Signal READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment