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FDIC reports first bank failure of 2024
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Banking, Financial Stability, Mergers & Acquistions
Friday, May 3, 2024
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The U.S. banking system made it through the first quarter of 2024 without a single bank failure, which is good news after a year in which there was at least one failure per quarter. On April 26, the Federal Deposit Insurance Corp. announced Republic First Bank as the first institution to fail this year.
Fulton Bank, National Association of Lancaster, Pa., absorbed all assets and branches previously belonging to the Philadelphia-based regional bank.
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