Republic Bank
Philadelphia, PA · Owner: Republic First Bcorp Inc
$5.9B
total assets, December 31, 2023
$5.9B
total assets, December 31, 2023
Republic Bank was a state nonmember bank in Philadelphia, PA, owned by Republic First Bcorp Inc. It failed on Apr 26, 2024, and Fulton Bank, National Association took over its deposits. At its last report it held $5.9 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2023
This bank failed
- Failed on
- Apr 26, 2024
- Assets
- $5.9B
- Deposits
- $4.4B
- Estimated cost
- $710M
- Deposits went to
- Fulton Bank, National Association, Lancaster, PA
Total assets
$5.9B
-1.8% in a year · -7.0% in a quarter
Deposits
$4.4B
-12.8% in a year · -1.3% in a quarter
Loans
$3.0B
-3.1% in a year · -1.2% in a quarter
Profit so far
-$42.7M
Jan 1 to Dec 31, 2023 · -471.6% in a year
Capital ratio
4.43%
-0.84 pts in a year
Return on assets
-0.71%
-0.90 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 50 S 16th St, Philadelphia, PA, 19102
- County
- Philadelphia
- Holding company
- Republic First Bcorp Inc
- Established
- Sep 6, 1988
- Failed
- Apr 26, 2024
- Employees
- 434
- Branches
- 35 in 3 states
- Id
- b27332
Quarter by quarter
September 30, 1988 to December 31, 2023
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Republic Bank?
$5.9 billion in total assets and $4.4 billion in deposits as of December 31, 2023, with assets down 1.8% from a year before. Its loans were $3.0 billion.
How many branches does Republic Bank have?
35 branches in 3 states as of June 30, 2026.
Is Republic Bank profitable?
No: it lost $42.7 million from January 1 to December 31, 2023. Its return on assets was -0.71% a year; about 1% is typical.
Who owns Republic Bank?
Republic Bank is owned by Republic First Bcorp Inc, its holding company.
When did Republic Bank fail?
Apr 26, 2024. Fulton Bank, National Association of Lancaster, PA took over its deposits. The estimated cost of the failure was $709.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.