Fulton Georgia Acquisition Divestiture Merger Agreement Summary

State:
Multi-State
County:
Fulton
Control #:
US-DD0711
Format:
Word; 
PDF; 
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Description

This due diligence form is a detailed summary to be completed for each acquisition or divestiture agreement performed within the company regarding business transactions.

The Fulton Georgia Acquisition Divestiture Merger Agreement Summary is a crucial document in corporate transactions, specifically related to acquisition, divestiture, and merger activities within the Fulton County, Georgia region. This summary outlines the essential terms and conditions involved in the agreement, ensuring that all parties involved are aware of their contractual obligations and the implications of the transaction. Keywords: Fulton Georgia, acquisition, divestiture, merger, agreement, summary, corporate transactions, terms and conditions, contractual obligations, implications. Types of Fulton Georgia Acquisition Divestiture Merger Agreement Summaries: 1. Fulton Georgia Acquisition Agreement Summary: This summary focuses on the acquisition of a target company in Fulton County, Georgia. It outlines the terms, conditions, and considerations for the acquiring company, detailing the financial, legal, and operational aspects of the agreement. 2. Fulton Georgia Divestiture Agreement Summary: This type of summary highlights the divestiture process within Fulton County, Georgia, where a company sells off a particular business unit, subsidiary, or assets. It details the reasons for the divestiture, the parties involved, and how the divestiture will be structured and executed. 3. Fulton Georgia Merger Agreement Summary: This summary covers the consolidation of two or more companies within Fulton County, Georgia. It outlines the strategic goals of the merger, the governance structure of the new entity, and the allocation of assets, liabilities, and ownership rights between the merging companies. In conclusion, the Fulton Georgia Acquisition Divestiture Merger Agreement Summary is a vital document that encompasses different types of agreements related to acquisition, divestiture, and merger activities. These summaries provide a concise overview of the terms, conditions, and implications involved, ensuring all parties are informed and aligned throughout the transaction process.

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FAQ

Fulton Financial Corporation is a $25 billion in assets regional financial holding company headquartered in Lancaster, Pennsylvania, providing a variety of financial services through its subsidiary bank in Pennsylvania, Maryland, Delaware, New Jersey and Virginia.

Fulton Financial Corporation is a $25 billion in assets regional financial holding company headquartered in Lancaster, Pennsylvania, providing a variety of financial services through its subsidiary bank in Pennsylvania, Maryland, Delaware, New Jersey and Virginia.

Fulton Financial Corporation Completes Acquisition of Prudential Bancorp, Inc. LANCASTER, Pa. --(BUSINESS WIRE)-- Fulton Financial Corporation (NASDAQ: FULT) (?Fulton?) today announced the successful completion of its acquisition of Prudential Bancorp, Inc.

The merger is expected to close in the third quarter of 2022, after satisfaction of closing conditions described in the Agreement, including the receipt of customary regulatory approvals and the approval by Prudential's shareholders.

LANCASTER, Pa. -- Fulton Financial Corporation (Nasdaq: FULT) announced today the successful consolidation of two subsidiary banks, Lehigh Valley, PA-based Lafayette Ambassador Bank and Columbia, MD-based The Columbia Bank, into its Lancaster, PA-based flagship bank, Fulton Bank, N.A.

14, all 31 locations of Columbia, Maryland-based Columbia Bank, and all 18 locations of Bethlehem-based Lafayette Ambassador Bank are officially known as Fulton Bank. Staffing will remain the same at all locations and customers will have access to the same products and services.

It is also the 86th largest bank in the nation. It was established in 1882 and as of June of 2022, it had grown to 3,287 employees at 211 locations. Fulton Bank, National Association has a B+ health rating.

Under the terms of the merger agreement between Fulton and Prudential Bancorp, Bancorp shareholders are receiving shares of Fulton common stock based on a fixed exchange ratio of 0.7974 of a Fulton share and $3.65 in cash for each share of Prudential Bancorp common stock they owned.

The merger is expected to close in the third quarter of 2022, after satisfaction of closing conditions described in the Agreement, including the receipt of customary regulatory approvals and the approval by Prudential's shareholders.

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Fulton Georgia Acquisition Divestiture Merger Agreement Summary