Fulton Bank (Fulton Financial) Acquires Assets and Deposits of Republic First Bank from the FDIC
April 26, 2024
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.
- Buyers
- Fulton Bank, N.A., Fulton Financial Corporation
- Targets
- Republic First Bank (d/b/a Republic Bank)
- Sellers
- Federal Deposit Insurance Corporation (FDIC)
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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