Profile: Fulton Financial Corp (FULT.O)
16 Aug 2019
Fulton Financial Corporation, incorporated on February 8, 1982, is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company's six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia). Each of the Company's subsidiary banks offers a range of consumer and commercial banking products and services in its local market area. Personal banking services include various checking account and savings deposit products, certificates of deposit and individual retirement accounts. The subsidiary banks offer a range of consumer lending products to creditworthy customers in their market areas. Commercial banking services are provided to small and medium sized businesses in the subsidiary banks' market areas. The Company also offers investment management, trust, brokerage, insurance and investment advisory services to consumer and commercial banking customers in its market areas. As of December 31, 2016, the Company's banking subsidiaries also included Fulton Bank of New Jersey; The Columbia Bank; Lafayette Ambassador Bank; Swineford National Bank, and FNB Bank, N.A.
The Company's subsidiary banks offer a range of real estate loans, such as commercial mortgage, home equity, residential mortgage and construction; commercial loans, such as industrial loans, financial loans and agricultural loans; consumer loans, and leasing and other. As of December 31, 2016, the Company's total loans amounted to $14.7 billion.
As of December 31, 2016, the Company's investment portfolio included the United States Government sponsored agency securities; state and municipal securities; corporate debt securities; collateralized mortgage obligations; mortgage-backed securities; auction rate securities, and equity securities. As of December 31, 2016, the Company's investment portfolio had a total estimated fair value of $2.56 billion.
Sources of Funds
The Company's sources of funds include its deposits. As of December 31, 2016, the Company offered a range of deposits, such as noninterest-bearing demand deposits; interest-bearing demand deposits; savings and money market accounts, and time deposits. As of December 31, 2016, the Company's total deposits amounted to $15.01 billion.
Fulton Financial Corp
1 Penn Sq
PO Box 4887
LANCASTER PA 17604-4887