According to Odaily Planet Daily, the Federal Deposit Insurance Corporation (FDIC) said in a statement that Fulton Bank in Pennsylvania will take over almost all deposits of Republic First Bank, headquartered in Philadelphia. The FDIC said the cost of the deposit insurance fund related to the collapse of Republic First Bank is estimated at $667 million. The FDIC said that Republic First's 32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank during normal business hours on Saturday or Monday. As of January 31, 2024, Republic First had total assets of approximately $6 billion and total deposits of approximately $4 billion. The FDIC added that Fulton Bank's acquisition of Republic Bank is the lowest-cost solution for the Deposit Insurance Fund (DIF).