Republic Bank (Philadelphia, PA)


Overview / Commentary
888-875-2265
50 S. 16th Street, Suite 2400
Philadelphia, PA 19102

Republic Bank (Philadelphia, PA) is headquartered in Philadelphia and is the 14th largest bank in the state of Pennsylvania. It is also the 322nd largest bank in the nation. It was established in 1988 and as of June of 2019, it had grown to 557 employees at 29 locations. Republic Bank (Philadelphia, PA)'s money market rates are 36% higher than the national average, and it has an A health rating.

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Reviews (3)

Small Bank with a good heart.

I needed another account for business and i heard about a new bank in my area. I went to the bank opening and the place was packed they have very good rates no fee for seniors so it was a good fit for me. The only problem i did have was i had some problems with certain companies that i work for it was not e-verified and i could not always us this account for on-line work. They really do go out of their way for customers changing my paperwork to meet the needs of a on-line employer and they were great about.

It is good to use with Pay-pal but for other companies ,if you want a extra account check carefully with what every on-line work you do . Good bank and customer service rates are great not to many fees.

Good customer service ?

I opened an account at this bank in the fall it was a new branch that opened in the area. I opened a checking account that I wanted to use for my extra income. I went to the bank and told the employee , what I needed the checking account for and it had to be in my name first then my husband was second. First mistake they did not put my legal name on the account which I had to go back and change twice. They were very sweet both times but it was a big problem. I ended up not being able to use this account because it was not e-certified and they did not know what that even meant.

I am using the account foronline shopping so I am wondering why that was ok. I will say it does not collect fees for debit card withdrawals and to have a account if you are a senior which is good but overall they are not that bad. Could have been just because it was a new branch and the people were new .

You Are No Commerce Bank Sir!

Posted by: Klarsen91 | May 1, 2019

So I heard the guy that started, ran, and eventually sold Commerce Bank was back at it with a new bank. Awesome! I loved Commerce Bank. So I ditched TD skank because they are just the worst....or so I thought. Things were good at first with Republic Bank but eventually the honeymoon was over and some issues came up with my bank account every now and then and every once in a while I'd have a question. That's when I figured out that they either don't care or aren't equipped to handle minor issues with the most basic checking account. I always feel so important when I call and they say there's higher-than-expected call volume and then hang up on me. I should have known what I was in for when I saw that 90s era carbon copy receipts that they give to their customers. I think their technology is about 10 years behind most other banks. TD skank robbed me blind with their fees but at least I knew it was going on. With these people I can't tell what's coming or going. Oh and my favorite thing was having to go into the bank and fill out a paper application so that I could access online banking. They can't be serious. I'm done with this place.



Health

Health Grade Components

Overall
FDIC Certificate #27332
Year Established1988
Employees557
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD2.16%
Annual Interest Income$52.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.93B$2.55B
LoansQ2 2019vs Q2 2018$1.52B$1.35B
DepositsQ2 2019vs Q2 2018$2.54B$2.17B
Equity CapitalQ2 2019vs Q2 2018$247.1MM$209.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.1MM$7.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$9.3MM$14.1MM
Real Estate OwnedQ2 2019vs Q2 2018$6.4MM$6.6MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Republic Bank (Philadelphia, PA); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Republic Bank (Philadelphia, PA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-Personal Savings
0.35%--NJ IOLTA
0.35%--PA IOLTA
0.35%--NY IOLA
0.25%--WORC Statement Savings
0.25%--1031 Escrow Savings
0.25%--Escrow Lease Security Savings
0.25%--Master Escrow Savings
0.15%--Statement Savings
0.15%--Young Savers
0.15%--Business Statement Savings

Republic Bank (Philadelphia, PA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-Premier Money Market
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $25k | 0.40% $25k - $100k | 0.50% $100k - $250k
0.60%*$250k*-IRA Money Market
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $25k | 0.40% $25k - $100k | 0.50% $100k - $250k
0.60%*$250k*-Business Premier Money Market
OTHER TIERS: 0.25% Up to $10k | 0.35% $10k - $25k | 0.40% $25k - $100k | 0.50% $100k - $250k
0.10%--Personal Regular Money Market
0.10%--Business Regular Money Market

Republic Bank (Philadelphia, PA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-Premier Checking with Interest
OTHER TIERS: 0.25% $25k - $100k | 0.50% $100k - $250k
0.15%--Not-for-Profit Checking
0.10%$1k-Checking with Interest
0.10%--50 Plus Checking

Republic Bank (Philadelphia, PA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--12 Month CD
1.00%--60 Month CD
1.00%--Business 12 Month CD
1.00%--Business 60 Month CD
0.95%--48 Month CD
0.95%--Business 48 Month CD
0.90%--36 - 47 Month CD
0.90%--Business 36 - 47 Month CD
0.80%--24 - 35 Month CD
0.80%--Business 24 - 35 Month CD
0.60%--13 - 23 Month CD
0.60%--Business 13 - 23 Month CD
0.25%--3 - 5 Month CD
0.25%--6 - 11 Month CD
0.25%--Business 3 - 5 Month CD
0.25%--Business 6 - 11 Month CD

Republic Bank (Philadelphia, PA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--12 Month IRA
1.00%--60 Month IRA
1.00%--Business 12 Month IRA
1.00%--Business 60 Month IRA
0.95%--48 Month IRA
0.95%--Business 48 Month IRA
0.90%--36 - 47 Month IRA
0.90%--Business 36 - 47 Month IRA
0.80%--24 - 35 Month IRA
0.80%--Business 24 - 35 Month IRA
0.60%--13 - 23 Month IRA
0.60%--Business 13 - 23 Month IRA
0.25%--3 - 5 Month IRA
0.25%--6 - 11 Month IRA
0.25%--Business 3 - 5 Month IRA
0.25%--Business 6 - 11 Month IRA
Locations

Availability



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