Fulton Financial Plans to Cut Jobs Post Failed Republic Bank Buyout

Following the acquisition of the failed Republic First Bank ("Republic Bank") this April, Fulton Financial Corporation (FULT) decides to lay off 111 jobs in its Mount Laurel, NJ-based location as part of its effort to eliminate redundant roles. Per a notice filed with the state's Department of Labor & Workforce Development, the cuts will take effect between Nov. 11 and Dec. 27. FULT has decided to redesign some of the dropped roles into new ones and retain some staff whose roles have been cut. Steve Trapnel ...