---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-129345"
form_type: "8-K"
ticker: "FULT"
cik: "0000700564"
company_name: "FULTON FINANCIAL CORP"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:05:41.643328+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fulton Bank acquires Republic First Bank (~$6B assets) from FDIC in failed-bank resolution

## Summary
- Acquired ~$6B in assets: $2.0B investment portfolio, $2.9B loans, $0.8B cash from FDIC ($0.4B settlement + $0.4B discount).
- Assumed ~$5.3B liabilities: ~$4B deposits and ~$1.3B other borrowings and liabilities.
- FDIC indemnifies Fulton Bank against certain claims; no assets/liabilities from Republic First Bancorp parent.
- Fulton receives option to purchase or lease Republic Bank's premises.
- Effective date April 26, 2024; transaction structured as purchase and assumption agreement.

## SEC filing metadata
- accession: 0001193125-24-129345
- form_type: 8-K
- ticker: FULT
- cik: 0000700564
- company_name: FULTON FINANCIAL CORP
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700564/000119312524129345/0001193125-24-129345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700564/000119312524129345/d833144d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-129345
- JSON: https://secwatch.observer/filing/0001193125-24-129345.json
- Plain text: https://secwatch.observer/filing/0001193125-24-129345.txt

## Key facts
- 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 valued at approximately $6 billion (effective 2024-04-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Federal Deposit Insurance Corporation (FDIC), as receiver for Republic Bank
  - Value: approximately $6 billion
  - Effective: 2024-04-26
  source text: As previously disclosed, effective April 26, 2024, Fulton Bank, National Association (“ Fulton Bank ”), a national bank and wholly owned subsidiary of Fulton Financial Corporation, 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 entered into by Fulton Bank and the FDIC on April 26, 2024 (the “ Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/700564/000119312524129345/0001193125-24-129345-index.htm

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