FULT - Prudential Bancorp shareholders approve acquisition by Fulton Financial

Prudential Bancorp (NASDAQ:PBIP) shareholders approved an acquisition of the company and its subsidiary, Prudential Bank, by Fulton Financial (NASDAQ:FULT). More than 98% of the votes cast were in favor of the Mar. 2 agreement. "We anticipate the transaction will be consummated in early July," Fulton CEO E. Philip Wenger said. Post the acquisition, Fulton will operate 2 banking subsidiaries, Fulton Bank and Prudential Bank, until Prudential Bank is merged into Fulton Bank. The bank merger is expected to occur in Q4. PIBP shares were trading +0.14% post-market. Source: Press Release

For further details see:

Prudential Bancorp shareholders approve acquisition by Fulton Financial