Fulton Financial Corporation Explained

Fulton Financial Corporation
Type:Public
Traded As:NASDAQ:
S&P 600 Component
Location:Lancaster, Pennsylvania, US
Key People:Curtis J. Myers Chairman (president and CEO)
Industry:Finance
Products:Banking
Revenue:US$ 1.091 billion (2022)
Net Income:US$ 286.981 million (2022)
Assets:US$ 20.037 billion (2017)
Equity:US$ 2.23 billion (2017)
Num Employees:3,500 (2017)

Fulton Financial Corporation is a U.S. regional financial services holding company, headquartered in Lancaster, Pennsylvania.

Fulton Financial Corp. has over $30 billion[1] in assets and operates as Fulton Bank. It has over 200 banking centers that provide financial services throughout Pennsylvania, Maryland, Delaware, New Jersey, New York(until September 2024) and Virginia.[2]

The company engages in five main businesses: Branch Banking, Consumer lending, Commercial Banking, Investment Advisors and Mortgage Services.[3]

Subsidiaries

Banking:

Financial services and brokerage:

Wealth management:

Commercial and Small Business Solutions:

Merger

In fall 2019, Fulton Bank completed its consolidation of The Columbia Bank in Howard County, Maryland. Fulton said customers of The Columbia Bank should see minimal changes, other than the bank name.[4]

On April 26, 2024, the FDIC seized Philadelphia based Republic Bank and transferred almost all $6 Billion of assets to Fulton Bank, doubling its presence in Philadelphia.[5]

Complaints

According to a United States government consumer finance database, the Consumer Financial Protection Bureau (CFPB) has received 64 complaints related to Fulton Financial since May 1, 2017.[6] The complaint subjects include:

External links

NASDAQ:

Notes and References

  1. Web site: Corporate Profile for Fulton Financial Corporation .
  2. Web site: About Us . 2014-01-07 . https://web.archive.org/web/20090904062631/http://www.fult.com/AboutUs.html . 2009-09-04 . dead .
  3. Web site: Home . fult.com.
  4. Web site: Fulton Bank, consolidation complete, eyes expansion. www.bizjournals.com. 2019-11-30.
  5. Web site: FULTON FINANCIAL CORPORATION ACQUIRES SUBSTANTIALLY ALL OF THE ASSETS AND ASSUMES SUBSTANTIALLY ALL OF THE DEPOSITS OF REPUBLIC FIRST BANK FROM THE FDIC . Fulton Bank . Fulton Bank . 27 April 2024.
  6. Web site: Consumer Financial Protection Bureau. Consumer Financial Protection Bureau. en-US. 2019-12-03.