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Pennsylvania’s Fulton Bank will assume “substantially” all deposits of Philadelphia-based Republic First Bank, the FDIC says in a statement. FDIC says cost to the Deposit Insurance Fund related to the ...
Republic First Bank is the first FDIC-insured bank to fail in 2024, due in large part to rising interest rates and decreasing commercial real estate values. This collapse will cost the FDIC $667 ...
Fulton Financial Corporation announced that its bank subsidiary, Fulton Bank has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing ...
Fulton Financial Corporation (NASDAQ:FULT) has successfully completed the acquisition of nearly all assets and deposits of Republic First Bank, through its subsidiary, Fulton Bank. This acquisition, ...
When Curt Myers took over as chairman and CEO in January 2023, Fulton Financial, the parent company of Fulton Bank, had just completed the purchase of Philadelphia-based Prudential Bank.
The Federal Deposit Insurance Corp. announced that US regulators had seized Republic First Bancorp To "protect depositors," Fulton Bank, a division of Fulton Financial Corp., has been designated as a ...
– Republic First Bank was seized by U.S. regulators and its assets and deposits were taken over by Fulton Bank. – The bank had around $6 billion in assets and $4 billion in deposits as of January 31, ...