Republic First Bancorp, Inc. FRBKQ

Company Overview

Republic First Bancorp, Inc. was a bank holding company headquartered in Philadelphia, Pennsylvania, and the parent company of Republic First Bank, doing business as Republic Bank. The company operated in the regional banking industry, primarily serving consumers, small and mid-sized businesses, and commercial clients in the Mid-Atlantic region of the United States. Its core revenue drivers historically included net interest income from commercial and consumer lending activities, residential and commercial real estate lending, deposit products, and fee-based banking services.

Republic First Bank positioned itself as a relationship-focused community and commercial bank with an emphasis on retail banking convenience, extended branch hours, and localized customer service. The company expanded through organic branch growth and lending operations in markets including Pennsylvania, New Jersey, and New York City. Republic First Bancorp was founded in 1988 and grew over several decades as an independent regional banking institution before experiencing sustained financial and regulatory pressure tied to asset quality, liquidity, capital adequacy, and profitability challenges. In April 2024, banking regulators closed Republic First Bank, and substantially all deposits and assets were assumed by Fulton Bank, N.A.