FDIC says Republic First Bank is closed by Pennsylvania regulators [CNN]
Fulton Financial Corporation (FULT)
Last fulton financial corporation earnings: 4/21 04:48 pm
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Source: CNN
“Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank, National Association of Lancaster, Pennsylvania to assume substantially all of the deposits and purchase substantially all of the assets of Republic Bank,” the FDIC said in a statement The bank had about $6 billion in total assets and $4 billion in total deposits at the end of January, the FDIC said in its release. Ad Feedback That makes Republic Bank ( FRBK ) far smaller than the regional bank failures that rocked the financial world last year. Silicon Valley Bank, for example, had about $209 billion at the end of 2022 ; it collapsed in March 2023. The FDIC said the former bank's “32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank on Sat
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FULT
News
- Fulton Financial Announces Closing of $287.5 Million Offering of Common StockBusiness Wire
- Fulton Financial Co. (NASDAQ: FULT) had its price target raised by analysts at DA Davidson from $15.00 to $18.00. They now have a "neutral" rating on the stock.MarketBeat
- Fulton Financial Co. (NASDAQ: FULT) had its price target raised by analysts at Keefe, Bruyette & Woods from $17.00 to $19.00. They now have a "market perform" rating on the stock.MarketBeat
- Republic First seizure signals more bank failures to come, expert warns [FOX Business Network]FOX Business Network
- Fulton Financial Announces Pricing of $250 Million Offering of Common StockBusiness Wire
FULT
Earnings
- 4/16/24 - Beat
FULT
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- FULT's page on the SEC website