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New Deal


Announced

Completed

Fulton Financial completed the acquisition of Prudential Bancorp for $142m.

Financials

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Transaction Value£106m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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Fulton Financial, the bank holding company for Fulton Bank, completed the acquisition of Prudential Bancorp, the bank holding company for Prudential Savings Bank, for $142m. “We are excited to have completed, in approximately four months, the acquisition of Prudential Bancorp. I am really proud of the team members from both banks, who are joining together to create a smooth transition for Prudential Bank customers as they become Fulton Bank customers later this year. Our company’s enhanced presence in Philadelphia will help us expand our efforts to change lives for the better in the communities we serve. I would also like to welcome Prudential Bancorp’s shareholders to Fulton. We are delighted to have you with us,” E. Philip Wenger, Fulton Chairman, President and CEO.

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