Fulton Financial shares rises after it buys failed Republic First Bank, announces stock offering
Yahoo Finance - 2024-04-29T12:12:10.000Z

Fulton Financial's shares gained on Monday after it launched a common stock offering to support its acquisition of the deposits and assets of Republic First from regulators, which marked the first US bank failure of 2024.

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Fulton Financial jumps after buying failed Republic First Bank's deposits, assets
Regional banks have been struggling to retain deposits as customers seek the safety of larger 'too-big-to-fail' rivals, while higher interest rates have also diminished the value of their loan books due to increased unrealized losses. Republic Bank's troubles included low liquidity, not filing annual reports detailing year-end financials with the U.S. SEC and being targeted by multiple activist investors since 2021. The beleaguered lender, which had about $6 billion and $4 billion in total...
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- 2024-04-29T10:21:13.000Z
Fulton Financial Announces Launch of Common Stock Offering
Fulton Financial Corporation (NASDAQ: FULT) today announced that it commenced an underwritten public offering of shares of its common stock.
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- 2024-04-29T11:00:17.127Z
Fulton Bank acquires deposits, assets of Republic First Bank
Lancaster-based Fulton acquired Friday, Republic customers’ deposits are safe
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- 2024-04-30T10:30:34.000Z

In related news

Fulton Financial jumps after buying failed Republic First Bank's deposits, assets

Fulton Financial Announces Launch of Common Stock Offering

Fulton Bank acquires deposits, assets of Republic First Bank