M&A Deal Summary

Fulton Bank Acquires Republic First Bank

On April 26, 2024, Fulton Bank acquired financial services company Republic First Bank

Acquisition Highlights
  • This is Fulton Bank’s 8th transaction in the Financial Services sector.
  • This is Fulton Bank’s 8th transaction in the United States.
  • This is Fulton Bank’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2024-04-26
Target Republic First Bank
Sector Financial Services
Buyer(s) Fulton Bank
Deal Type Add-on Acquisition

Target

Republic First Bank

Philadelphia, Pennsylvania, United States
Republic First Bank is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the federal deposit insurance corporation (FDIC). Republic First Bank was founded in 1987 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Fulton Bank

Lancaster, Pennsylvania, United States
Category Company
Founded 1882
Sector Financial Services
Employees3,400
Revenue 1.1B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 8 of 8
Sector (Financial Services) 8 of 8
Type (Add-on Acquisition) 8 of 8
State (Pennsylvania) 5 of 5
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Prudential Bank

Philadelphia, Pennsylvania, United States

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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