secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001193125-24-129345
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000119312524129345/0001193125-24-129345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000119312524129345/d833144d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-129345

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