Fulton Financial Corporation

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Fulton Financial Corporation
Public
Traded asNASDAQFULT
S&P 400 Component
IndustryFinance
Founded1882
HeadquartersLancaster, Pennsylvania, USA
Key people
E. Philip "Phil" Wenger Chairman, President & CEO
ProductsBanking
RevenueIncreaseUS$ 793.28 million (2016)
IncreaseUS$ 171.75 million (2017)
Total assetsIncreaseUS$ 20.037 billion (2017)
Total equityIncreaseUS$ 2.23 billion (2017)
Number of employees
3,500 (2017)
Websitewww.fult.com

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

Fulton Financial Corp. has over $20 billion in assets, operates 4 affiliates with 249 banking centers providing financial services throughout Pennsylvania, Maryland, Delaware, New Jersey and Virginia. Its principal and largest subsidiary is Fulton Bank.[1]

The company engages in five main businesses: Branch Banking, Consumer lending, Commercial Banking, Investment Advisors and Mortgage Services.[2]

Subsidiaries[edit]

Banking:

  • Fulton Bank


Financial services and insurance:

  • Fulton Financial Advisors, N.A.

Brokerage:

  • Clermont Wealth Strategies

Payment Solutions:

  • Global Exchange Group

Merger[edit]

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[3].

Complaints[edit]

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[4]. The complaint topics 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[edit]

  1. ^ http://www.fult.com/aboutus.html
  2. ^ http://www.fult.com
  3. ^ www.bizjournals.com https://www.bizjournals.com/philadelphia/news/2019/09/17/fulton-bank-consoidation-complete-eyes-expansion.html. Retrieved 2019-11-30. Missing or empty |title= (help)
  4. ^ "Consumer Financial Protection Bureau". Consumer Financial Protection Bureau. Retrieved 2019-12-03.

External links[edit]