On Friday, December 11, 2009, Republic Federal Bank, National Association was closed by the Office of the Comptroller of the Currency (OCC). The FDIC was named Receiver. 1st United Bank, Boca Raton, FL acquired all deposit accounts.
The FDIC as Receiver for Republic Federal Bank, National Association, Miami, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 30, 2022 and has made all dividend distributions required by law.
Effective October 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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ACQUIRING INSTITUTION: 1st United Bank
About 1st United Bank
All deposit accounts, excluding certain brokered deposits, were transferred to 1st United Bank, Boca Raton, FL ("assuming institution"). Former Republic Federal Bank, National Association locations reopened as branches of 1st United Bank.
Your transferred deposits were separately insured from any accounts you may have already had at 1st United Bank for at least six months after the failure of Republic Federal Bank, National Association.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with 1st United Bank as long as the deposits are not pledged as collateral for loans.
Contacting 1st United Bank
On November 1, 2014, 1st United Bank merged with Valley National Bank.
You can contact Valley National Bank:
Valley National Bank
615 Main Ave
Passaic, NJ 07055
Valley National Bank (www.valley.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (0.6Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank