Republic Bank (Philadelphia, PA)

- 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

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.