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Fulton Financial Corporation

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Regional financial services company
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Fulton Financial Corporation
Company typePublic
NasdaqFULT
S&P 600 Component
IndustryFinance
Founded1882; 143 years ago (1882)
HeadquartersLancaster, Pennsylvania, US
Key people
Curtis J. Myers Chairman (president and CEO)
ProductsBanking
RevenueIncreaseUS$ 1.091 billion (2022)
IncreaseUS$ 286.981 million (2022)
Total assets IncreaseUS$ 20.037 billion (2017)
Total equity IncreaseUS$ 2.23 billion (2017)
Number of employees
3,500 (2017)
Websitefultonbank.com

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

Fulton Financial Corp. has over 30ドル 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

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Banking:

  • Fulton Bank

Financial services and brokerage:

  • Fulton Financial Advisors, N.A.

Wealth management:

  • Fulton Private Bank

Commercial and Small Business Solutions:

  • Fulton Bank
  • commercial banking
  • Republic First Bancorp

Mergers and Acquisitions

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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]

During 2022, FFC purchased Prudential Bancorp, Inc., (Nasdaq:PBIP) on July 1, and the acquiree's primary subsidiary, Prudential Bank, was merged into Fulton Bank on November 5. Oddly unaffiliated with either PBIP or FFC, a "Prudential Bank" continues to operate in the United Arab Emirates; during operation, Prudential Bank was regional, headquartered in Philadelphia, and had no affiliation with Prudential Financial.[5] [6]

On April 26, 2024, the FDIC seized Philadelphia based Republic Bank and transferred almost all 6ドル Billion of assets to Fulton Bank, doubling its presence in Philadelphia.[7]

Complaints

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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.[8] The complaint subjects include:

  • Transaction was not authorized
  • Fee problem
  • Trouble during payment process
  • Problem accessing account
  • Funds not received from closed account
  • Funds not handled or disbursed as instructed
  • Fees charged for closing account
  • Money was not available when promised
  • Charged too much interest

References

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  1. ^ "Corporate Profile for Fulton Financial Corporation".
  2. ^ "About Us". Archived from the original on 2009年09月04日. Retrieved 2014年01月07日.
  3. ^ "Home". fult.com.
  4. ^ "Fulton Bank, consolidation complete, eyes expansion". www.bizjournals.com. Retrieved 2019年11月30日.
  5. ^ "Prudential Bancorp (PBIP) Stock Price, News & Analysis". MarketBeat Media, LLC. Retrieved 15 March 2025.
  6. ^ "Prudential Bank-Prudential Bank". Prudential Bank. Retrieved 15 March 2025.
  7. ^ "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. Retrieved 27 April 2024.
  8. ^ "Consumer Financial Protection Bureau". Consumer Financial Protection Bureau. Retrieved 2019年12月03日.
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Media related to Fulton Financial Corporation at Wikimedia Commons

Selected companies of the Nasdaq Financial-100 index

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