The Federal Deposit Insurance Corporation (FDIC) recently took over Philadelphia-based Republic First Bank, which had failed. In an agreement with Fulton Bank, the FDIC accepted all deposits and purchased the assets of the failed bank. The corporation announced that Republic Bank’s 32 branches in New Jersey, Pennsylvania, and New York will reopen as Fulton Bank branches, operating during normal business hours. Customers can access their funds through checks, ATMs, and debit cards and make loan payments as usual.
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