Republic First seizure signals more bank failures to come, expert warns [FOX Business Network]
Fulton Financial Corporation (FULT)
Last fulton financial corporation earnings: 4/21 04:48 pm
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Source: FOX Business Network
first bank failure of 2024 on Friday when it was shut down by Pennsylvania's bank regulator and the Federal Deposit Insurance Corp. (FDIC) seized control of the operation. The FDIC quickly made a deal for Fulton Bank to buy Republic First's assets, but one expert on financial regulatory reform and bank failures says the collapse could be a harbinger of things to come. "This bank failure indicates that additional failures will occur and will range between smaller community banks and larger banks ," said Joseph Lynyak, a banking attorney at Dorsey & Whitney, regarding the seizure of Republic First by U.S. regulators. Ticker Security Last Change Change % FULT FULTON FINANCIAL CORP. Powered By Fulton Financial Corp. "The cause is twofold: higher-cost deposits exceeding the yield on low-yield treasury securities and similar investments held by banks, and the deteriorating commercial real estate market and commercial real estate loans," said Lynyak, who specializes i
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FULT
News
- US bank failures could surge by almost 50, Nomura analyst says [Reuters]Reuters
- US bank failures could surge by almost 50, Nomura analyst says [Yahoo! Finance Canada]Yahoo! Finance Canada
- US bank failures could surge by almost 50, Nomura analyst says [Yahoo! Finance]Yahoo! Finance
- Fulton Bank Partners With Rider University on Banking Program for Students, Faculty & Alumni [Yahoo! Finance]Yahoo! Finance
- Fulton Bank Partners With Rider University on Banking Program for Students, Faculty & AlumniBusiness Wire
FULT
Earnings
- 4/16/24 - Beat
FULT
Sec Filings
- 5/9/24 - Form 4/A
- 5/9/24 - Form 10-Q
- 5/3/24 - Form 4
- FULT's page on the SEC website