The Federal Deposit Insurance Corporation (FDIC) has taken over the affairs of Philadelphia-based Republic First Bank, which recently failed. Under an agreement with Fulton Bank, the FDIC has accepted all deposits and purchased the assets of the failed bank. As a result, 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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