M&A Deal Summary

Fulton Bank Acquires Prudential Bank

On May 23, 2022, Fulton Bank acquired financial services company Prudential Bank

Acquisition Highlights
  • This is Fulton Bank’s 7th transaction in the Financial Services sector.
  • This is Fulton Bank’s 7th transaction in the United States.
  • This is Fulton Bank’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2022-05-23
Target Prudential Bank
Sector Financial Services
Buyer(s) Fulton Bank
Deal Type Add-on Acquisition

Target

Prudential Bank

Philadelphia, Pennsylvania, United States
website
Prudential Bank is a chartered savings bank that services include traditional banking products such as deposit accounts and mortgage loans but also offers commercial real estate loans, construction and development loans, and business loans. Prudential Bank was formed in 1886 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Fulton Bank

Lancaster, Pennsylvania, United States

website

Category Company
Founded 1882
Sector Financial Services
Employees3,200
Revenue 1.0B USD (2022)
DESCRIPTION

Fulton Bank is a financial holding company. Fulton provide a wide range of financial products and personalized services in Pennsylvania, Maryland, Delaware, Virginia and New Jersey. Fulton Bank was incorporated n 1882 and is based in Lancaster, Pennsylvania.

DEAL STATS #
Overall 7 of 7
Sector (Financial Services) 7 of 7
Type (Add-on Acquisition) 7 of 7
State (Pennsylvania) 4 of 4
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 The Columbia Bank

Columbia, Maryland, United States

The Columbia Bank provide retail and business customers with the best in banking services and products, investment management and trust services.

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