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Republic Bank (Philadelphia, PA)


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

Republic Bank (Philadelphia, PA) is headquartered in PHILADELPHIA and is the 11th largest bank in the state of Pennsylvania. It is also the 247th largest bank in the nation. It was established in 1988 and as of December of 2023, it had grown to 434 employees at 34 locations. Republic Bank (Philadelphia, PA)'s money market rates are 5X the national average, but it has a D health rating.

Related Posts

Republic Bank (Philadelphia) Closed By The Pennsylvania Department Of Banking And Securities - 4/29/2024

- The Federal Deposit Insurance Corporation (FDIC) was then appointed Receiver. - To protect depositors, the FDIC entered into a purchase and assumption agreement with Fulton Bank, National Association (N.A.) of Lancaster, Pennsylvania, to assume substantially all of the deposits and substantially all the assets of Republic Bank. - No one lost any money on deposit as a result of the closure of this bank. All deposits, regardless of dollar amount, were transferred to Fulton Bank, N.A. - You may continue to use your same checks, and they will clear up to the balance in your account. Your ATM/Debit card will continue to work as usual. - All direct deposits, for example, social security, payroll, veterans’ benefits, disability, unemployment or any payment you receive electronically will continue as usual. - Interest on deposits accrued through April 26, 2024, will be paid at your same rate. Republic Bank’s rates will be reviewed by Ful

5.50% APY 4-Month CD - 4/4/2024

If you're look for a short-term CD with a good rate and live in the greater Philadelphia metro area (including south Jersey) or in NYC, Republic Bank has a 4-month CD (5.50% APY) that can be opened online or in-branch. $500 minimum/$1 million deposit per customer.

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Reviews (7)

Small Bank with a good heart.

Posted by: |

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.

2

Republic Bank Tellers Need Training And Morals

Posted by: |

Please provide training and make sure they transfer knowledge across the team so that we dont get different answers depending on who you talk to.

1

Good customer service ?

Posted by: |

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 .

3

So, This Bank Just Went Belly Up!

Posted by: |

Not good and this is what happens in WOKE cities.

1

Going Under

Posted by: |

The last shall be first, and the worst shall be last . . .

https://www.wsj.com/finance/banking/regulators-set-to-seize-troubled-philadelphia-bank-republic-first-f138401c

1

Worst Bank Ever

Posted by: |

Keep your money out of this bank ... The fees as well if you have fraud on your account they will give the money back but at any given time they will consistently take money out of your account ... Claiming reversal of the fraud.... This bank is trash

4

You Are No Commerce Bank Sir!

Posted by: |

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.

2


Health
D

Data as of Q4 2023

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Republic Bank (Philadelphia, PA) has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #27332
Year Established1988
Employees434
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.71%
Return on Equity - YTD-36.61%
Annual Interest Income$224.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$5.87B$5.97B
LoansQ4 2023vs Q4 2022$3.02B$3.11B
DepositsQ4 2023vs Q4 2022$4.37B$5.01B
Equity CapitalQ4 2023vs Q4 2022$104.6MM$131.1MM
Loan Loss AllowanceQ4 2023vs Q4 2022$24.4MM$26.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$20.3MM$17.2MM
Real Estate OwnedQ4 2023vs Q4 2022$794K$876K
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
2.55%--NJ IOLTA
2.55%--PA IOLTA
2.55%--NY IOLA
0.25%--WORC Statement Savings
0.25%--Escrow Lease Security Savings
0.25%--Master Escrow Savings
0.20%$1k-Personal Savings
0.15%--Statement Savings
0.15%--Young Savers
0.15%--Business Statement Savings

Republic Bank (Philadelphia, PA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$250k*-Premier Money Market
OTHER TIERS: 0.50% → Up to $25k | 1.50% → $25k - $250k
2.00%*$250k*-IRA Money Market
OTHER TIERS: 0.50% → Up to $25k | 1.50% → $25k - $250k
2.00%*$250k*-Business Premier Money Market
OTHER TIERS: 0.50% → Up to $25k | 1.50% → $25k - $250k
0.10%--Personal Regular Money Market
0.10%--Business Regular Money Market

Republic Bank (Philadelphia, PA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$250k*-Premier Checking with Interest
OTHER TIERS: 1.50% → $25k - $100k | 1.75% → $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
5.50%-$500k4 Month CD Online Special
5.50%-$1m4 Month CD Special
5.50%-$500kBusiness 4 Month CD Online Special
5.50%-$1mBusiness 4 Month CD Special
5.25%-$1m7 Month CD Special
5.25%-$1mBusiness 7 Month CD Special
5.25%-$500k7 Month CD Online Special
5.25%-$500kBusiness 7 Month CD Online Special
5.25%-$500k13 Month CD Online Special
5.25%-$1m13 Month CD Special
5.25%-$500kBusiness 13 Month CD Online Special
5.25%-$1mBusiness 13 Month CD Special
4.25%-$1m3 Month CD Special
4.25%-$1mBusiness 3 Month CD Special
4.25%-$500k3 Month CD Online Special
4.25%-$500kBusiness 3 Month CD Online Special
4.00%--12 Month CD
4.00%--Business 12 Month CD
3.50%-$1m17 Month CD Special
3.50%-$1mBusiness 17 Month CD Special
3.50%-$500k17 Month CD Online Special
3.50%-$500kBusiness 17 Month CD Online Special
0.50%--36 - 47 Month CD
0.50%--48 Month CD
0.50%--60 Month CD
0.50%--Business 36 - 47 Month CD
0.50%--Business 48 Month CD
0.50%--Business 60 Month CD
0.50%--14 - 23 Month CD
0.50%--Business 14 - 23 Month CD
0.40%--24 - 35 Month CD
0.40%--Business 24 - 35 Month CD
0.15%--6 - 11 Month CD
0.15%--Business 6 - 11 Month CD

Republic Bank (Philadelphia, PA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.50%-$500k4 Month IRA Online Special
5.50%-$1m4 Month IRA Special
5.50%-$500kBusiness 4 Month IRA Online Special
5.50%-$1mBusiness 4 Month IRA Special
5.25%-$1m7 Month IRA Special
5.25%-$1mBusiness 7 Month IRA Special
5.25%-$500k7 Month IRA Online Special
5.25%-$500kBusiness 7 Month IRA Online Special
5.25%-$500k13 Month IRA Online Special
5.25%-$1m13 Month IRA Special
5.25%-$500kBusiness 13 Month IRA Online Special
5.25%-$1mBusiness 13 Month IRA Special
4.25%-$1m3 Month IRA Special
4.25%-$1mBusiness 3 Month IRA Special
4.25%-$500k3 Month IRA Online Special
4.25%-$500kBusiness 3 Month IRA Online Special
4.00%--12 Month IRA
4.00%--Business 12 Month IRA
3.50%-$1m17 Month IRA Special
3.50%-$1mBusiness 17 Month IRA Special
3.50%-$500k17 Month IRA Online Special
3.50%-$500kBusiness 17 Month IRA Online Special
0.50%--36 - 47 Month IRA
0.50%--48 Month IRA
0.50%--60 Month IRA
0.50%--Business 36 - 47 Month IRA
0.50%--Business 48 Month IRA
0.50%--Business 60 Month IRA
0.50%--14 - 23 Month IRA
0.50%--Business 14 - 23 Month IRA
0.40%--24 - 35 Month IRA
0.40%--Business 24 - 35 Month IRA
0.15%--6 - 11 Month IRA
0.15%--Business 6 - 11 Month IRA
Locations

Availability

Philadelphia Area

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