Fulton Financial Corp. has sold 11 local branches to South Philadelphia’s Hightop Development as part of its ongoing real estate review following last year’s acquisition of Republic First Bancorp. Most of the sold locations were acquired through Fulton’s 2022 purchase of Prudential Bancorp. According to bank spokesman Steve Trapnell, the branches will continue operating as Fulton locations under long-term leases, except for two closed sites: 3993 Huntingdon Pike in Huntingdon Valley and 4800 Richmond St. in Bridesburg, both now available for lease.

Additionally, Fulton, with $32 billion in assets, acquired a former Republic branch at 1400 Blackwood-Clementon Road in Gloucester Township from the FDIC for $1.45 million.

*Article courtesy of Philadelphia Business Journal

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