April 29 (Reuters) - U.S. regulators on Friday seized

Philadelphia-based Republic First Bancorp ( FRBK ) and agreed

to sell it to Fulton Bank, a unit of Fulton Financial Corp ( FULT )

.

The latest casualty will cost the deposit insurance fund

$667 million and underscores the ongoing challenges weighing

down regional banks one year after three U.S. mid-sized lenders

shuttered.

Here is a timeline of the U.S. banking crisis that erupted

in 2023:

Date Name of the bank About

March 10, 2023 Silicon Valley Bank A California regulator

closed startup-focused

Silicon Valley Bank and

appointed the Federal

Deposit Insurance

Corporation (FDIC) as

receiver to take control

of its parent company

after clients withdrew

$42 billion and caused a

deposit run.

Raleigh, North

Carolina-based First

Citizens BancShares

later acquired

Silicon Valley Bank's

assets and deposits for

up to $500 million in

stock - a fraction of

what the bank was worth

before it failed.

March 12, 2023 Signature Bank State regulators closed

Signature Bank and the

FDIC took control of the

New York-based

crypto-focused lender

after it lost 20% of

deposits in the hours

following SVB's

collapse.

FDIC established a

"bridge" successor bank

to enable customers to

access their funds and

later facilitated a deal

for New York Community

Bancorp's

subsidiary Flagstar Bank

to buy out nearly all of

Signature Bank's

deposits, some loan

portfolios and all 40

branches.

May 1, 2023 First Republic Bank California regulators

seized First Republic

Bank in what was the

third bank to collapse,

catalyzed by the fallout

of the U.S. banking

turmoil that wiped away

over $100 billion in

deposits in a matter of

weeks.

First Republic was

subsequently seized by

the FDIC and most of its

assets were sold to

JPMorgan Chase .

April 26, 2024 Republic First Bank U.S. regulators have

seized Republic First

Bancorp and agreed to

sell it to Fulton Bank

after it abandoned

funding talks with a

group of investors.

Fulton will assume

substantially all

deposits and purchase

all the assets of

Republic Bank.