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Fulton Bank takes over Republic after Pa. declares Philly’s largest bank ‘unsafe and unsound’

The takeover ends years of infighting by board and investor factions for control of the largest commercial bank still based in Philadelphia.

Curt Myers (second from left) is chairman of Fulton Financial Corp. The Lancaster company doubled its Philadelphia-area presence when it agreed to take over troubled Republic Bank of Philadelphia on Friday, after Republic was seized by Pennsylvania banking regulators.
Curt Myers (second from left) is chairman of Fulton Financial Corp. The Lancaster company doubled its Philadelphia-area presence when it agreed to take over troubled Republic Bank of Philadelphia on Friday, after Republic was seized by Pennsylvania banking regulators.Read moreMRA Group