Fulton Financial Corporation is an American regional financial services

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

, headquartered in Lancaster,

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

. Fulton Financial Corp. has over $30 billion in assets and operates as Fulton Bank. It has over 200 banking centers that provide financial services throughout

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

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New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

(until September 2024) and

Virginia Virginia, officially the Commonwealth of Virginia, is a U.S. state, state in the Southeastern United States, Southeastern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States between the East Coast of the United States ...

. The company engages in five main businesses: Branch Banking, Consumer lending,

Commercial Banking A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Investment Advisor A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory ...

s 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

In fall 2019, Fulton Bank completed its consolidation of The Columbia Bank in Howard County, Maryland. Fulton stated that customers of The Columbia Bank should see minimal changes, other than the bank name. In 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 Prudential Financial, Inc. is an American financial services company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both Investor#Retail_investor, retail and institutional cus ...

. On April 26, 2024, the

FDIC The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...

seized

Philadelphia Philadelphia ( ), colloquially referred to as Philly, is the List of municipalities in Pennsylvania, most populous city in the U.S. state of Pennsylvania and the List of United States cities by population, sixth-most populous city in the Unit ...

based Republic Bank and transferred almost all $6 Billion of assets to Fulton Bank, doubling its presence in Philadelphia.

Complaints

According to a United States government consumer finance database, the

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, Payday lo ...

(CFPB) has received 64 complaints related to Fulton Financial since May 1, 2017. 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

External links

* {{Authority control American companies established in 1882 Banks established in 1882 Companies based in Lancaster, Pennsylvania Banks based in Pennsylvania Companies listed on the Nasdaq