The 16 banks are set to close on or about November 22, the bank announced in an SEC filing last week.
PHILADELPHIA (WPVI) -- Lancaster-based Fulton Bank says it is closing 16 Philadelphia-area branches later this year following the April acquisition of the failed Republic First Bank.
The 16 financial centers are set to close on or about November 22, the bank announced in an SEC filing last week.
(The video in the player above is from previous coverage.)
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"While it's never easy to close one of our financial centers, it's sometimes necessary after we evaluate factors including overlapping service areas and trends in how customers conduct their banking," a spokesperson for Fulton Bank said.
The following branches will be impacted:
Additionally, the former Republic Bank financial center located at 1601 Walnut Street in Philadelphia will also not reopen. It was closed due to a water main break after sustaining significant damage.
Fulton is in the process of notifying customers and helping to migrate current employees to new roles or openings.
Back in April, regulators closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
Fulton acquired Republic's 32 branches as part of the deal.
"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," a spokesperson added.
After these consolidations, Fulton Bank will have about 60 financial centers in greater Philadelphia and South Jersey.