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After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial ...
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.
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 acquired Republic First after the bank failed on Friday. Management touted the deposits it is picking up in the Philadelphia market with the transaction. Fulton Financial's ...
In yet another twist in the Republic First Bank saga, the financial institution was seized Friday by regulators and acquired by Fulton Bank. Republic First was the subject of a long-running proxy ...
Fulton Financial Corp.’s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year’s first bank liquidation. Analysts were ...