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)
Location
Pennsylvania, United States
Transaction Type
Buyout

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