Republic First Bank's former parent files for bankruptcy protection [Yahoo! Finance Canada]
Fulton Financial Corporation (FULT)
Last fulton financial corporation earnings: 4/21 04:48 pm
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Source: Yahoo! Finance Canada
(Reuters) - The former parent of Republic First Bank, which failed in April and was sold to Fulton Financial in a deal put together with support from U.S. regulators, said on Thursday it had filed for Chapter 11 bankruptcy protection in the United States. The CEO and the CFO of the holding company, Republic First Bancorp, have also resigned from their positions, according to a regulatory filing. Such holding companies often go belly up after losing control of their banking units - which are their primary assets. Republic First was the first U.S. bank to fail in 2024, underscoring the lingering pain for some regional lenders who are battling tepid loan demand and a surge in loan defaults. It had been targeted by multiple activist investors since 2021. Elevated interest rates had also depressed the value of securities on its balance sheet and hurt its commercial real estate loan portfolio. Republic First sought to revive its fortunes with a $35 million infusion of capital fro
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FULT
News
- Newsmakers for November 10 [Yahoo! Finance]Yahoo! Finance
- Fulton Financial Co. (NASDAQ: FULT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Fulton Financial Co. (NASDAQ: FULT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- FULTON FINANCIAL CORPORATION NAMES RICK KRAEMER AS CHIEF FINANCIAL OFFICERPR Newswire
- Fulton Financial Co. (NASDAQ: FULT) was given a new $21.00 price target on by analysts at Piper Sandler.MarketBeat
FULT
Earnings
- 10/15/24 - Beat
FULT
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 10-Q
- 11/8/24 - Form 8-K
- FULT's page on the SEC website