The Federal Deposit Insurance Corporation (FDIC) declared the closure of Republic First Bank sparking debate among the crypto community. While the Pennsylvania Department of Banking and Securities seized the Philadelphia-based bank, the regulators appointed FDIC as the receiver. As of the end of January 2024, Republic First Bank had about $6 billion in total assets The post US Regulator Closes Republic First Bank, Fulton Bank Assumes Deposits appeared first on Coin Edition .