Citibank (Delaware), a subsidiary of Citicorp, won...

Citibank (Delaware), a subsidiary of Citicorp, won the bid for the credit card subsidiary of the former First RepublicBank Corp., beating out NCNB Corp. of Charlotte, N.C. which acquired the failed bank in July. The Federal Deposit Insurance Corp. said Citibank will pay a premium of $158.95 million, or about 25%, for about $623 million in credit card receivables of Delaware Bridge Bank National Assn. FDIC said the deal is expected to be completed in about three weeks after regulatory approvals are obtained.