First Bank Aktie News

See accompanying photo SOUTHERN PINES, N.C. , May 7, 2024 /PRNewswire/ -- First Bank launched its unique Power of Good Grants by awarding 20 grants, totaling over $130,000, to organizations throughout the Carolinas.

Fulton Financial Corp.'s stock rallied Monday on plans by the bank to acquire Republic First Bank from the Federal Deposit Insurance Corp. in the year's first bank liquidation.

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.

Fulton Financial will assume the assets and deposits of Republic First Bank, which was seized Friday by Pennsylvania regulators. Fulton stock jumped.

Troubled Philadelphia-based regional bank Republic First Bancorp was seized by Pennsylvania regulators Friday, marking the first regional banking failure this year following a series of high-profile collapses in 2023—though the bank is far smaller than those that collapsed last year and its nearly three dozen branches are set to reopen under a new name.

Regulators are preparing to seize Republic First Bancorp. and sell it to another financial institution, the Wall Street Journal reported Friday, as cracks continue to emerge in the regional-banking industry.

First Bank (NASDAQ:FRBA ) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Patrick Ryan - President and Chief Executive Officer Andrew Hibshman - Chief Financial Officer Darleen Gillespie - Chief Retail Banking Officer Peter Cahill - Chief Lending Officer Conference Call Participants Justin Crowley - Piper Sandler Operator Ladies and gentlemen, thank you for stand...

Results benefited from our expanded customer base, repositioned balance sheet, and solid asset quality Results benefited from our expanded customer base, repositioned balance sheet, and solid asset quality