Brief: Fulton Financial Corporation Says Substantially All Of The Assets And Assumes Substantially All Of The Deposits Of Republic First Bank From The FDIC

Fulton Financial

27/04/2024 24:06

April 26 (Reuters) - Fulton Financial Corp  FULT.O :
    * FULTON FINANCIAL CORPORATION ACQUIRES SUBSTANTIALLY ALL OF
THE
ASSETS AND ASSUMES SUBSTANTIALLY ALL OF THE DEPOSITS OF REPUBLIC
FIRST BANK FROM THE FDIC
    * FULTON FINANCIAL CORPORATION ACQUIRES SUBSTANTIALLY ALL OF
THE
ASSETS AND ASSUMES SUBSTANTIALLY ALL OF THE DEPOSITS OF REPUBLIC
FIRST BANK FROM THE FDIC
    * FULTON FINANCIAL - ALL REGULATORY APPROVALS, INCLUDING
APPROVAL
FROM OFFICE OF COMPTROLLER OF CURRENCY, HAVE BEEN OBTAINED, AND
TRANSACTION HAS CLOSED
    * FULTON FINANCIAL - REPUBLIC BANK DEPOSITORS WILL CONTINUE
TO
HAVE UNINTERRUPTED ACCESS TO ACCOUNTS THROUGH ONLINE BANKING OR
BY WRITING CHECKS
    * FULTON FINANCIAL - AS EARLY AS TOMORROW, FORMER REPUBLIC
BANK
FINANCIAL CENTERS WILL REOPEN AS FULTON WITH REGULARLY SCHEDULED
OPERATING HOURS
    * FULTON FINANCIAL - REPUBLIC BANK DEPOSITORS WILL BECOME
CO'S
DEPOSITORS ,DONT NEED TO CHANGE  BANKING RELATIONSHIP TO RETAIN
FEDERALLY INSURED DEPOSIT INSURANCE
    * FULTON FINANCIAL - PURCHASED ASSETS OF APPROXIMATELY $6
BILLION,
INCLUDING INVESTMENT PORTFOLIO OF APPROXIMATELY $2.0 BILLION &
LOANS OF APPROXIMATELY $2.9 BILLION
    * FULTON FINANCIAL- ASSUMED LIABILITIES OF APPROX $5.3
BILLION,
INCLUDING DEPOSITS OF APPROX $4 BILLION AND OTHER BORROWINGS AND
LIABILITIES OF APPROX $1.3 BILLION.

Source text for Eikon:  ID:nBw34fjTga 
Further company coverage:  FULT.O 

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