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Another US bank failure over $1 billion by end of June 2024?
5
Republic First Bancorp•Fulton Bank•Lancaster•Pennsylvania•Federal Deposit Insurance Corporation•FDIC
Resolution / Starting Odds
Yes • 50%
No • 50%
FDIC press releases and major financial news outlets
Story
FDIC Seizes Republic First Bancorp, Fourth Bank Failure, Sold to Fulton
Apr 26, 2024, 10:35 PM
Regulators have seized Philadelphia-based Republic First Bancorp, marking the fourth high-profile bank failure since last spring. The bank, which had approximately $6 billion in assets and $4 billion in deposits as of January 31, was sold to Fulton Bank, N.A. of Lancaster, Pennsylvania. The Federal Deposit Insurance Corporation (FDIC) was involved in the seizure and sale, highlighting ongoing efforts to stabilize the banking sector amid financial instability.
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Similar markets
Apology Issued • 50%
No Apology • 50%
Public support for FDIC leadership change • 25%
Public criticism of FDIC handling • 25%
Calls for external review of FDIC practices • 25%
No public response • 25%
Yes, against one more bank • 33%
Yes, against two or more banks • 33%
No additional actions • 33%
No banks fail to comply • 25%
1-5 banks fail to comply • 25%
6-10 banks fail to comply • 25%
More than 10 banks fail to comply • 25%
Yes, reduction is finalized • 50%
No, reduction is not finalized • 50%