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Pennsylvania’s Fulton Bank will assume “substantially” all deposits of Philadelphia-based Republic First Bank, the FDIC says in a statement. FDIC says cost to the Deposit Insurance Fund related to the ...
Lancaster, Pennsylvania-based Fulton Bank agreed to purchase substantially all of the assets of beleaguered Philadelphia lender Republic First Bank and assume substantially all of its deposits ...
Fulton Financial Corporation (NASDAQ:FULT) has successfully completed the acquisition of nearly all assets and deposits of Republic First Bank, through its subsidiary, Fulton Bank. This acquisition, ...
Shares of Fulton Financial Corporation FULT jumped 7.6% following the announcement of the acquisition of substantially all assets and deposits of Republic First Bank (“Republic Bank”) from the ...
Fulton Financial Corporation announced that its bank subsidiary, Fulton Bank has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing ...
The development leaves Fulton operating Republic First’s 32 bank branches and servicing more than 70,000 new consumer or business customers in a metro area where Fulton has long-term expansion ...
Republic First Bank is the first FDIC-insured bank to fail in 2024, due in large part to rising interest rates and decreasing commercial real estate values. This collapse will cost the FDIC $667 ...
The Federal Deposit Insurance Corp. said in a statement that Republic First’s 32 locations in New Jersey, Pennsylvania and New York will reopen Saturday as branches of Fulton Bank. Republic ...