The collapse may conjure comparisons to the string of bank failures last spring, but here's how it's different.

CRE delinquency rates continue to rise, and banks face large 'unrealized losses' on their bond portfolios due to higher interest rates. Click here for a detailed analysis.

Fulton Financial acquired the debt and deposits of Republic First Bank after the first bank failure of 2024. Republic was seized by state regulators Friday after a deal for $35 million in funding reportedly fell apart earlier this year. The seizure and sale comes a little over a year after a series of bank failures rocked the industry in 2023.

The best way to avoid the potential fallout of a bank failure is to verify that your deposits are covered by FDIC or NCUA insurance. Then you should ensure you’re within the $250,000 limit. For example, if you have $325,000 in a savings account, $75,000 of that may not be covered.

Discover the history of significant bank collapses. We examine their causes and how they changed the banking industry. We also have a list of bank failures from 2000 onward.