Fulton Financial Corporation
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 1882 |
| Headquarters | Lancaster, Pennsylvania , United States |
Area served | Pennsylvania, Maryland, Delaware, New Jersey, New York (until September 2024), Virginia |
| Products | Branch Banking, Consumer lending, Commercial Banking, Investment Advisor offerings, Mortgage Services |
| Website | www |
Fulton Financial Corporation is a financial services holding company based in Lancaster, Pennsylvania, operating primarily within the regional American market.
With assets exceeding $30 billion under management, Fulton Financial Corp. functions through its primary brand, Fulton Bank, which maintains over 200 branches across Pennsylvania, Maryland, Delaware, New Jersey, New York (until September 2024), and Virginia.
The company's principal operations encompass Branch Banking, Consumer lending, Commercial Banking, Investment Advisor offerings, and Mortgage Services.
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
During the autumn of 2019, Fulton Bank finalized the integration of The Columbia Bank located in Howard County, Maryland, with minimal disruption to customers aside from a brand update.
In 2022, Fulton Financial Corporation acquired Prudential Bancorp, Inc. (Nasdaq:PBIP), incorporating its main subsidiary, Prudential Bank, into Fulton Bank by November. This Philadelphia-based Prudential Bank is distinct from both Prudential Financial and the UAE's Prudential Bank.
On April 26, 2024, the FDIC intervened in Philadelphia-based Republic First Bancorp's operations, transferring almost $6 billion in assets to Fulton Bank, effectively doubling its footprint in the Philadelphia market.
Complaints
Since May 1, 2017, the Consumer Financial Protection Bureau (CFPB) has recorded 64 complaints concerning Fulton Financial. Reported issues include unauthorized transactions, disputes over fees, difficulties with payment processing, restricted account access, improper handling of funds, account closure fees, and high interest charges.