US Regulator Closes Republic First Bank, Fulton Bank Assumes Deposits

The Federal Deposit Insurance Corporation (FDIC) declared the closure of Republic First Bank sparking debate among the crypto community. While the Pennsylvania Department of Banking and Securities seized the Philadelphia-based bank, the regulators appointed FDIC as the receiver. As of the end of January 2024, Republic First Bank had about $6 billion in total assets […] source: https://coinedition.com/us-regulator-closes-republic-first-bank-fulton-bank-assumes-deposits/