Fulton Financial Corporation Acquires Prudential Bancorp, Inc.

May 23, 2022

Fulton Financial Corporation completed its acquisition of Prudential Bancorp, Inc., merging Prudential into Fulton in a stock-and-cash transaction and pledging $2.0 million to community causes in Philadelphia. The deal, which received required regulatory approvals, will ultimately merge Prudential Bank into Fulton Bank and expands Fulton’s presence in the Philadelphia market; Prudential shareholders received 0.7974 shares of Fulton plus $3.65 in cash per Prudential share.

Buyers
Fulton Financial Corporation
Targets
Prudential Bancorp, Inc.
Sellers
Prudential Bancorp shareholders
Location
Pennsylvania, United States
Transaction Type
Buyout

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