Fulton Financial Corporation completed the FDIC-assisted acquisition of Republic First in April 2024, a move that significantly expanded its operational footprint. This transaction substantially increased Fulton's assets, deposits, and branch network across its Mid-Atlantic region.
The acquisition particularly enhanced Fulton's market position in the key Philadelphia and New Jersey markets. This strategic opportunity allowed the company to acquire a deposit base and loan portfolio under favorable terms.
The Republic First transaction is expected to provide a significant boost to Fulton's balance sheet and earnings power. This inorganic growth is a critical component of Fulton's strategy to reshape its operational structure and achieve greater scale.
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