Fulton Financial Corporation

Fulton Financial Corporation
Company typePublic
Nasdaq: FULT
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 assetsIncreaseUS$ 20.037 billion (2017)
Total equityIncreaseUS$ 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 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:

  • 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

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:

  • 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

  1. ^ "Corporate Profile for Fulton Financial Corporation".
  2. ^ "About Us". Archived from the original on 2009-09-04. Retrieved 2014-01-07.
  3. ^ "Home". fult.com.
  4. ^ "Fulton Bank, consolidation complete, eyes expansion". www.bizjournals.com. Retrieved 2019-11-30.
  5. ^ "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.
  6. ^ "Consumer Financial Protection Bureau". Consumer Financial Protection Bureau. Retrieved 2019-12-03.

Media related to Fulton Financial Corporation at Wikimedia Commons