---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-120390"
form_type: "8-K"
ticker: "FULT"
cik: "0000700564"
company_name: "FULTON FINANCIAL CORP"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:56:28.583679+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.92
calibrated_materiality_score: 0.92
confidence: "high"
source: SEC EDGAR
---

# Fulton Financial acquires Republic First Bank assets (~$6B) and deposits (~$4B) from FDIC

## Summary
- Acquired ~$6B in assets ($2.9B loans, $2.0B investments) and assumed ~$4B in deposits via FDIC-assisted deal.
- Combined Philadelphia market deposits nearly double to ~$8.6B; loan-to-deposit ratio drops from 99% to 92%.
- No loss-sharing agreement with FDIC; Fulton made a $5M donation to its foundation for community impact grants.
- All regulatory approvals obtained; transaction closed April 26, 2024; Republic Bank branches reopen as Fulton.

## SEC filing metadata
- accession: 0001193125-24-120390
- form_type: 8-K
- ticker: FULT
- cik: 0000700564
- company_name: FULTON FINANCIAL CORP
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.92
- calibrated_materiality_score: 0.92
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700564/000119312524120390/0001193125-24-120390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700564/000119312524120390/d798684d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-120390
- JSON: https://secwatch.observer/filing/0001193125-24-120390.json
- Plain text: https://secwatch.observer/filing/0001193125-24-120390.txt

## Key facts
- M&A Transactions
  FULTON FINANCIAL CORP completed an acquisition involving Republic First Bank, doing business as Republic Bank for Not disclosed (closed 2024-04-26).
  - Action: acquisition
  - Counterparty: Republic First Bank, doing business as Republic Bank
  - Consideration: Not disclosed
  - Closing: 2024-04-26
  source text: On April 26, 2024, Fulton Bank, National Association (“ Fulton ”), a wholly owned subsidiary of Fulton Financial Corporation (the “ Company ”), acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank (“ Republic Bank ”), from the Federal Deposit Insurance Corporation (the “ FDIC ”), as receiver for Republic Bank (the “ Acquisition ”), pursuant to the terms of the Purchase and Assumption Agreement – Whole Bank, All Deposits, effective as of April 26, 2024, among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank (the “ Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/700564/000119312524120390/0001193125-24-120390-index.htm
- Material Agreements
  FULTON FINANCIAL CORP entered into Purchase and Assumption Agreement – Whole Bank, All Deposits with Federal Deposit Insurance Corporation (FDIC), as receiver for Republic Bank (effective 2024-04-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Federal Deposit Insurance Corporation (FDIC), as receiver for Republic Bank
  - Effective: 2024-04-26
  source text: On April 26, 2024, Fulton Bank, National Association (“ Fulton ”), a wholly owned subsidiary of Fulton Financial Corporation (the “ Company ”), acquired substantially all of the assets and assumed substantially all of the deposits and certain liabilities of Republic First Bank, doing business as Republic Bank (“ Republic Bank ”), from the Federal Deposit Insurance Corporation (the “ FDIC ”), as receiver for Republic Bank (the “ Acquisition ”), pursuant to the terms of the Purchase and Assumption Agreement – Whole Bank, All Deposits, effective as of April 26, 2024, among the FDIC, as receiver of Republic Bank, the FDIC and Fulton Bank (the “ Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/700564/000119312524120390/0001193125-24-120390-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.