Fulton Bank announces branch closures after acquiring Republic

Matthew Fazelpoor//July 26, 2024//

Fulton Bank is headquartered in Lancaster, Pa.

Fulton Bank is headquartered in Lancaster, Pa. - PROVIDED BY FULTON BANK

Fulton Bank is headquartered in Lancaster, Pa.

Fulton Bank is headquartered in Lancaster, Pa. - PROVIDED BY FULTON BANK

Fulton Bank announces branch closures after acquiring Republic

Matthew Fazelpoor//July 26, 2024//

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Fulton Bank is planning to close several branches as it continues its absorption of Republic Bank.

As NJBIZ reported, Fulton acquired Republic following a long and protracted proxy fight that ultimately ended in the bank’s seizure by regulators. Fulton assumed control of the failed bank’s deposits, assets and 32 branches. (See a timeline of developments below.)

As part of a consolidation, Lancaster-headquartered is taking several actions, including closing 18 total branch locations.

13 Fulton Branches will close Nov. 22, including nine in New Jersey:
  • Cherry Hill – 1460 E. Route 70
  • Cherry Hill – 514 N. Kings Highway
  • Hainesport – 1302 Route 38
  • Marlton – 195 N. Greentree Road
  • Mullica Hill – 153 Bridgeton Pike
  • Northfield – 1101 Tilton Road
  • Sewell – 303 Egg Harbor Road
  • Voorhees – 6 Haddonfield-Berlin Road
  • West Berlin – 201 N. Route 73
Five former Republic Bank branches will close Sept. 16, including two in New Jersey:
  • Marlton – 178 E. Greentree Road
  • Ocean City – 201 E. 9th S.

 

“While it’s never easy to close financial centers, it’s sometimes necessary after we evaluate factors including overlapping service areas and trends in how customers conduct their banking,” a Fulton Bank spokesperson told NJBIZ. “Consolidations like these enable us to operate more efficiently and invest in new financial services, while maintaining a network of financial centers where we meet with customers, listen and understand their needs, and recommend the best financial solutions for them.”

Following these consolidations, Fulton Bank says it will have about 60 financial centers in greater Philadelphia and South Jersey – part of a network of more than 200 financial centers in New Jersey, Pennsylvania, Delaware, Maryland and Virginia.

“We are sending letters to customers who use affected financial centers, with recommendations for other nearby locations they can use,” the spokesperson noted. “Between now and when the financial centers are scheduled to close, our Human Resources team will work with affected employees to integrate them into a new role or help in identifying current openings they can apply for within our company.”

More: The battle for

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