PHILADELPHIA — Long-struggling Republic Bank failed Friday, closed by a regulator who then arranged its takeover by another firm. After shutting Republic, the Pennsylvania Department… Read More:
Category: Banking
US regulators seize troubled lender Republic First, sell it to Fulton Bank – Yahoo Finance
(Reuters) -U.S. regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, underscoring the challenges facing regional banks a year after… Read More:
Regulators Seize Republic First, a Troubled Philadelphia Bank – The New York Times
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank. Regulators late Friday seized… Read More:
Macatawa Bank Corp (MCBC) Q1 2024 Earnings: Misses Analyst Forecasts Amid Merger Developments – Yahoo Finance
Net Income: Reported $9.8 million for Q1 2024, down from $12.0 million in Q1 2023, falling short of the estimated $10.20 million. Earnings Per Share… Read More:
Republic First Bank seized by FDIC, sold to Fulton Bank – NJBIZ
Listen to this article In yet another twist in the Republic First Bank saga, the financial institution was seized April 26 by regulators and acquired… Read More:
Republic First fails; Fulton Bank acquires assets, branches – American Banker
Regulators took over Republic First on Friday with Fulton Bank acquiring substantially all of the bank’s assets and deposits. The sale will result in a… Read More:
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year – ABC News
WASHINGTON — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said… Read More:
Bank With Bristol Twp. Branch Goes Bust, Has Been Seized – LevittownNow.com
The bank branch in Bristol Township. The Pennsylvania Department of Banking and Securities shut down Philadelphia-based Republic Bank on Friday, officials confirmed in an evening… Read More:
Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation – PYMNTS.com
The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and… Read More:
Yen sinks to 34-year low after Bank of Japan holds interest rates near zero – Financial Times
Standard Digital Weekend Print + Standard Digital $75 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a… Read More:
Big Banks, Small Banks Failing In US And Worldwide
The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Banks in China are also failing. Last week, three US banks failed. Four US banks have failed this year. Read More:
Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust – The Great Recession Blog
Big Stocks Rock NASDAQ as Two FAANGs Bite the DustTwo of the original FAANG stocks that carried the US stock market higher throughout the Fed’s… Read More: