$6 billion in assets: Inside Republic First's spectacular collapse

- Republic First Bancorp was seized by Pennsylvania regulators due to a failed deal to infuse new funds - The company reported a decline in deposits and struggled in the mortgage lending business - Norcross-Braca Group backed out of a $35 million investment deal in February - Pennsylvania Department of Banking and Securities seized Republic First - Fulton Bank agreed to take over the company's branches - Republic First was delisted by Nasdaq in August - The collapse is the fourth by federal or state regulators since the start of 2023 - Small banks are deemed to be in good shape despite recent collapses in the banking sector - Silicon Valley Bank, Signature Bank, and First Republic Bank were substantially larger than Republic First

Summarized top reddit comments: - $6 billion in assets is not considered a lot for a bank - Confusion about Republic First and First Republic - Questions about how merger of insolvent bank helps solvent bank - FDIC kicks in cash and guarantees some percentage of loans - Some users joke about having $6 billion in assets themselves - Discussion about how the collapse doesn't affect investing plans - Mention of bitcoin being a scam with a mention of a bagholder