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BRIEF-Fulton Financial Corporation Says Substantially All Of The Assets And Assumes Substantially All Of The Deposits Of Republic First Bank From The FDIC
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BRIEF-Fulton Financial Corporation Says Substantially All Of The Assets And Assumes Substantially All Of The Deposits Of Republic First Bank From The FDIC
Apr 26, 2024 4:26 PM

April 26 (Reuters) - Fulton Financial Corp ( FULT ):

* 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 ( FULT ) - ALL REGULATORY APPROVALS, INCLUDING

APPROVAL

FROM OFFICE OF COMPTROLLER OF CURRENCY, HAVE BEEN OBTAINED, AND

TRANSACTION HAS CLOSED

* FULTON FINANCIAL ( FULT ) - REPUBLIC BANK DEPOSITORS WILL CONTINUE

TO

HAVE UNINTERRUPTED ACCESS TO ACCOUNTS THROUGH ONLINE BANKING OR

BY WRITING CHECKS

* FULTON FINANCIAL ( FULT ) - AS EARLY AS TOMORROW, FORMER REPUBLIC

BANK

FINANCIAL CENTERS WILL REOPEN AS FULTON WITH REGULARLY SCHEDULED

OPERATING HOURS

* FULTON FINANCIAL ( FULT ) - REPUBLIC BANK DEPOSITORS WILL BECOME

CO'S

DEPOSITORS ,DONT NEED TO CHANGE BANKING RELATIONSHIP TO RETAIN

FEDERALLY INSURED DEPOSIT INSURANCE

* FULTON FINANCIAL ( FULT ) - PURCHASED ASSETS OF APPROXIMATELY $6

BILLION,

INCLUDING INVESTMENT PORTFOLIO OF APPROXIMATELY $2.0 BILLION &

LOANS OF APPROXIMATELY $2.9 BILLION

* FULTON FINANCIAL ( FULT )- 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:

Further company coverage:

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