Fulton Financial Corp Files 8-K
Ticker: FULTP · Form: 8-K · Filed: May 2, 2024 · CIK: 700564
| Field | Detail |
|---|---|
| Company | Fulton Financial Corp (FULTP) |
| Form Type | 8-K |
| Filed Date | May 2, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $2.50, $6 b, $2.0 b, $2.9 billion, $0.8 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, material-agreement
TL;DR
FULTON FINANCIAL CORP FILED AN 8-K ON 4/26 - MATERIAL AGREEMENT AND EXHIBITS.
AI Summary
Fulton Financial Corporation filed an 8-K on May 2, 2024, reporting on events that occurred on April 26, 2024. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. Specific details of the agreement or financial figures were not provided in the excerpt.
Why It Matters
This filing signals a significant corporate event for Fulton Financial Corporation, potentially impacting its business operations or financial structure.
Risk Assessment
Risk Level: low — The filing is a standard corporate disclosure and does not inherently present immediate financial risk.
Key Players & Entities
- Fulton Financial Corporation (company) — Registrant
- Pennsylvania (location) — State of incorporation
- Lancaster (location) — City of principal executive offices
FAQ
What was the specific nature of the material definitive agreement entered into by Fulton Financial Corporation on April 26, 2024?
The provided excerpt does not specify the details of the material definitive agreement.
What financial statements and exhibits are included in this 8-K filing?
The excerpt states that financial statements and exhibits are included, but does not list their specific contents.
What is Fulton Financial Corporation's IRS Employer Identification Number?
Fulton Financial Corporation's IRS Employer Identification Number is 23-2195389.
What is the principal executive office address for Fulton Financial Corporation?
The principal executive office address is One Penn Square, P.O. Box 4887, Lancaster, Pennsylvania 17604.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 26, 2024.
Filing Stats: 1,143 words · 5 min read · ~4 pages · Grade level 12.8 · Accepted 2024-05-02 16:03:01
Key Financial Figures
- $2.50 — ich registered Common stock, par value $2.50 FULT The Nasdaq Stock Market, LLC
- $6 b — n Bank acquired assets of approximately $6 billion, including an investment portfoli
- $2.0 b — n investment portfolio of approximately $2.0 billion, loans of approximately $2.9 bill
- $2.9 billion — ly $2.0 billion, loans of approximately $2.9 billion and approximately $0.8 billion of cash
- $0.8 billion — ximately $2.9 billion and approximately $0.8 billion of cash received from the FDIC in conne
- $0.4 billion — Acquisition consisting of an estimated $0.4 billion balance sheet settlement amount and an
- $0.4 b — and an asset discount of approximately $0.4 billion, subject to customary adjustments
- $5.3 b — nk assumed liabilities of approximately $5.3 billion, including deposits of approximat
- $4 billion — on, including deposits of approximately $4 billion and other borrowings and liabilities of
- $1.3 billion — owings and liabilities of approximately $1.3 billion. Fulton Bank will receive under the A
Filing Documents
- d833144d8k.htm (8-K) — 34KB
- d833144dex21.htm (EX-2.1) — 303KB
- 0001193125-24-129345.txt ( ) — 563KB
- fult-20240426.xsd (EX-101.SCH) — 4KB
- fult-20240426_def.xml (EX-101.DEF) — 13KB
- fult-20240426_lab.xml (EX-101.LAB) — 22KB
- fult-20240426_pre.xml (EX-101.PRE) — 14KB
- d833144d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits. Exhibit No. Description 2.1 Purchase and Assumption Agreement – Whole Bank, All Deposits, effective as of April 26, 2024, with the Federal Deposit Insurance Corporation, as receiver of Republic First Bank, the Federal Deposit Insurance Corporation, and Fulton Bank, National Association. 104 Cover page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) * Schedules have been omitted pursuant to Item 601(a)(5) and Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule will be furnished to the Securities and Exchange Commission (the "SEC") upon request. Cautionary Statements Regarding Forward-Looking Information This Current Report, including Exhibit 2.1, contains forward-looking statements. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends," "projects," the negative of these terms and other comparable terminology. Forward-looking statements are neither historical facts, nor assurance of future performance. Instead, the statements are based on current beliefs, expectations and assumptions regarding the future of the Corporation's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Corporation's control, and actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not unduly rely on any of these forward-looking statements. Any forward-looking statement is based only on informatio