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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 ...
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 ...
When Curt Myers took over as chairman and CEO in January 2023, Fulton Financial, the parent company of Fulton Bank, had just completed the purchase of Philadelphia-based Prudential Bank.
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 ...
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, ...
Lancaster-based Fulton Bank added 32 Republic Bank branches to its 216 existing locations, but there is a lot of overlap locally. The next step for Fulton Financial Corp. after last month’s FDIC ...
(Reuters) - U.S. regulators have seized Republic First Bancorp (FRBK.PK), opens new tab and agreed to sell it to Fulton Bank, underscoring the challenges facing regional banks a year after the ...