Republic First Bank closes, first FDIC-insured bank to fail in 2024
CBSN
PHILADELPHIA (CBS/AP) -- Philadelphia-based Republic First Bank was closed by state regulators Friday night and its assets were given to the Federal Deposit Insurance Corp., FDIC announced in a news release.
Republic Bank's assets are now being taken over by Lancaster, Pennsylvania-based Fulton Bank effective immediately. Fulton is also assuming all deposits.
Republic First Bank is a regional lender operating in Pennsylvania, New Jersey and New York. The company did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31.
Washington — Republican officials in Louisiana asked the Supreme Court on Friday to step into a long-running dispute over the state's congressional districts after a panel of lower court judges said upcoming elections can't be held under a recently adopted map that included a second majority-Black district.
Americans as far south as Alabama and Northern California could be treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth, officials said. If the weather conditions are right, people in several areas on a map could look up and see the aurora borealis.