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
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Fulton Bank (Fulton Financial) Acquires Assets and Deposits of Republic First Bank from the FDIC
April 26, 2024
Financial Services
Fulton Financial Corporation’s bank subsidiary, Fulton Bank, N.A., has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank (d/b/a Republic Bank) from the Federal Deposit Insurance Corporation. The FDIC-assisted transaction adds approximately $6.0 billion of assets and roughly $4.0 billion of deposits to Fulton and significantly expands Fulton’s presence in the Philadelphia market.
-
Princeton Bancorp Acquires Cornerstone Financial Corporation
January 18, 2024
Financial Services
Princeton Bancorp, Inc., the parent of The Bank of Princeton, agreed to acquire Cornerstone Financial Corporation, the holding company of Cornerstone Bank, in a stock-and-cash merger valued at approximately $17.9 million. The deal, approved by both boards, will add Cornerstone’s ~ $321 million in assets and six branch locations to Princeton’s footprint in southern New Jersey and is expected to close in mid-2024 pending regulatory and shareholder approvals.
-
First Financial Bancorp Acquires BankFinancial Corporation
January 1, 2026
Financial Services
First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.
-
F.N.B. Corporation Acquires Howard Bancorp, Inc. (Howard Bank)
January 24, 2022
Financial Services
F.N.B. Corporation (FNB) agreed to acquire Howard Bancorp, Inc., including its wholly owned subsidiary Howard Bank, in an all-stock transaction valued at approximately $418 million (1.8 shares of FNB per Howard share). The deal expands FNB’s Mid-Atlantic footprint—adding 13 Baltimore-area branches and roughly $2.6 billion in assets—and is intended to be accretive with cost savings and enhanced product capabilities for Howard customers.
-
Columbia Banking System Acquires Pacific Premier Bancorp
September 2, 2025
Financial Services
Columbia Banking System completed its previously announced acquisition of Pacific Premier Bancorp, bringing Pacific Premier into the Columbia Bank family and rebranding the combined operations under the Columbia name. The deal significantly expands Columbia's presence across Southern California and the broader western U.S., increasing Columbia's assets to approximately $70 billion and creating a combined network of more than 350 locations.
-
Citizens Financial Group Acquires Investors Bancorp
April 7, 2022
Financial Services
Citizens Financial Group, Inc. has completed its acquisition of Investors Bancorp, Inc., merging Investors and Investors Bank into Citizens and Citizens Bank, National Association respectively. The deal adds more than 200 branches and over 1,600 employees, strengthening Citizens' retail and commercial banking presence across the New York City and Philadelphia metropolitan areas and throughout New Jersey.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.