secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-120390
Event type: m_and_a
Sentiment:  positive
Materiality: 0.92
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000119312524120390/0001193125-24-120390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000119312524120390/d798684d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-120390

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