Fulton Financial Corporation
{{Short description|Regional financial services company}}
{{Multiple issues|
{{More citations needed|date=November 2019}}
{{Primary sources|date=November 2019}}
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{{Infobox company
| name = Fulton Financial Corporation
| logo = Fulton Financial Corporation wordmark.svg
| type = Public
| traded_as = {{NASDAQ|FULT}}
S&P 600 Component
| foundation = {{Start date and age|1882}}
| location = Lancaster, Pennsylvania, US
| key_people = Curtis J. Myers Chairman (president and CEO)
| industry = Finance
| products = Banking
| revenue = {{increase}}US$ 1.091 billion (2022)
| net_income = {{increase}}US$ 286.981 million (2022)
| assets = {{increase}}US$ 20.037 billion (2017)
| equity = {{increase}}US$ 2.23 billion (2017)
| num_employees = 3,500 (2017)
| homepage = {{URL|http://fultonbank.com/}}
}}
Fulton Financial Corporation is a U.S. regional financial services holding company, headquartered in Lancaster, Pennsylvania.
Fulton Financial Corp. has over $30 billion{{cite web |title=Corporate Profile for Fulton Financial Corporation |url=https://investor.fultonbank.com/corporate-profile/default.aspx}} 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.{{Cite web |url=http://www.fult.com/aboutus.html |title=About Us |access-date=2014-01-07 |archive-url=https://web.archive.org/web/20090904062631/http://www.fult.com/AboutUs.html |archive-date=2009-09-04 |url-status=dead }}
The company engages in five main businesses: Branch Banking, Consumer lending, Commercial Banking, Investment Advisors and Mortgage Services.{{cite web |url=http://www.fult.com/ |title=Home |website=fult.com}}
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
Mergers and Acquisitions
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.{{Cite web|url=https://www.bizjournals.com/philadelphia/news/2019/09/17/fulton-bank-consoidation-complete-eyes-expansion.html|website=www.bizjournals.com|title=Fulton Bank, consolidation complete, eyes expansion|access-date=2019-11-30}}
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.{{cite web |title=Prudential Bancorp (PBIP) Stock Price, News & Analysis |url=https://www.marketbeat.com/stocks/NASDAQ/PBIP/ |publisher=MarketBeat Media, LLC |access-date=15 March 2025}}{{cite web |title=Prudential Bank-Prudential Bank |url=http://www.prudentialbank.com/ |publisher=Prudential Bank |access-date=15 March 2025}}
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.{{cite web |title=FULTON FINANCIAL CORPORATION ACQUIRES SUBSTANTIALLY ALL OF THE ASSETS AND ASSUMES SUBSTANTIALLY ALL OF THE DEPOSITS OF REPUBLIC FIRST BANK FROM THE FDIC |url=https://www.fultonbank.com/About-Fulton-Bank/Media-Room/FFC-Acquires-All-of-the-Assets-and-Assumes-All-of-the-Deposits-of-Republic-First-Bank-from-the-FDIC |website=Fulton Bank |publisher=Fulton Bank |access-date=27 April 2024}}
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.{{Cite web|url=https://www.consumerfinance.gov/data-research/consumer-complaints/search/%20https:/www.consumerfinance.gov/data-research/consumer-complaints/search/?company=FULTON%20FINANCIAL%20CORPORATION&from=0&searchField=all&searchText=&size=25&sort=created_date_asc|title=Consumer Financial Protection Bureau|website=Consumer Financial Protection Bureau|language=en-US|access-date=2019-12-03}} 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
{{Reflist}}
External links
{{Commons category-inline}}
- {{Official website|http://www.fult.com/ }}
{{NASDAQ Financial-100}}
{{Authority control}}
Category:American companies established in 1882
Category:Banks established in 1882
Category:Companies based in Lancaster, Pennsylvania