Republic Bank (Philadelphia, PA)

Overview / Commentary
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 234th largest bank in the nation. It was established in 1988 and as of September of 2023, it had grown to 444 employees at 35 locations. Republic Bank (Philadelphia, PA)'s money market rates are 5X the national average, but it has a D health rating.

Reviews (5)

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.

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.

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 .

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

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.

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

FDIC Certificate #27332
Year Established1988
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.65%
Return on Equity - YTD-33.16%
Annual Interest Income$163.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$6.31B$5.99B
LoansQ3 2023vs Q3 2022$3.05B$3.05B
DepositsQ3 2023vs Q3 2022$4.43B$5.25B
Equity CapitalQ3 2023vs Q3 2022$84.5MM$191.8MM
Loan Loss AllowanceQ3 2023vs Q3 2022$28.2MM$25.3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$18MM$15.5MM
Real Estate OwnedQ3 2023vs Q3 2022$4.3MM$876K
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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

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

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

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

5.25%-$1m7 Month CD Special
5.25%-$1mBusiness 7 Month CD Special
4.25%--3 Month CD
4.25%--Business 3 Month CD
4.00%--12 Month CD
4.00%--Business 12 Month CD
3.50%-$1m17 Month CD Special
3.50%-$1mBusiness 17 Month CD Special
0.50%--13 - 23 Month CD
0.50%--36 - 47 Month CD
0.50%--48 Month CD
0.50%--60 Month CD
0.50%--Business 13 - 23 Month CD
0.50%--Business 36 - 47 Month CD
0.50%--Business 48 Month CD
0.50%--Business 60 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

5.25%-$1m7 Month IRA Special
5.25%-$1mBusiness 7 Month IRA Special
4.25%--3 Month IRA
4.25%--Business 3 Month IRA
4.00%--12 Month IRA
4.00%--Business 12 Month IRA
3.50%-$1m17 Month IRA Special
3.50%-$1mBusiness 17 Month IRA Special
0.50%--13 - 23 Month IRA
0.50%--36 - 47 Month IRA
0.50%--48 Month IRA
0.50%--60 Month IRA
0.50%--Business 13 - 23 Month IRA
0.50%--Business 36 - 47 Month IRA
0.50%--Business 48 Month IRA
0.50%--Business 60 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


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