The bank’s CEO said the move allows flexibility on new investments.

Topics:  ceo   bank   
BING NEWS:
  • CRE Markets Face Limited Impact from Republic First Bank Failure
    Republic First Bank, which had $5.87 billion of assets in late 2023, was shuttered just over a year after the 2023 regional banking crisis.
    04/29/2024 - 10:02 am | View Link
  • Fulton Bank acquires Philadelphia-based Republic Bank; What customers need to know
    Many local banking customers might have some questions after Philadelphia-based Republic First was closed by state regulators just before the weekend. It is the first FDIC-insured bank to fail this ...
    04/29/2024 - 9:44 am | View Link
  • Fulton Financial's stock jumps on takeover deal for failed Republic First Bank
    Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.
    04/29/2024 - 5:55 am | View Link
  • UMB reaches deal on $2B acquisition of Denver-based bank, biggest in its history
    The bank, one of the largest in the St. Louis area, said the transaction will result in it having $64.5 billion in assets, raising it to the top 5% of the 616 publicly-traded banks in the U.S.
    04/29/2024 - 5:53 am | View Link
  • Republic First Bank closes, sells to Fulton Bank
    Pennsylvania-based Fulton Bank is assuming most of the deposits and assets of Republic First Bank, which was seized last week.
    04/29/2024 - 5:10 am | View Link
  • More

 

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