LANCASTER, Pa.--(BUSINESS WIRE)--
Fulton Financial Corporation (NASDAQ:FULT) announced today that the
Office of the Comptroller of the Currency (“OCC”) has terminated the
Consent Orders that it issued on July 14, 2014 to three of its bank
subsidiaries, Fulton Bank, N.A., FNB Bank, N.A. and Swineford National
Bank, relating to deficiencies in the Bank Secrecy Act and anti-money
laundering (“BSA/AML”) compliance programs at those banks.
"We are pleased with this acknowledgement of the significant progress we
have made in strengthening our BSA/AML compliance programs and
remediating the deficiencies identified in the OCC Consent Orders,” said
E. Philip Wenger, Chairman, President and CEO. “We continue to work
diligently to achieve a similar resolution with respect to the BSA/AML
enforcement actions issued to our other bank subsidiaries.”
Fulton Financial Corporation, a $20 billionLancaster, Pa.-based
financial holding company, has approximately 3,700 employees and
operates more than 240 branches in Pennsylvania, Maryland, Delaware, New
Jersey and Virginia through six subsidiary banks.
Additional information on Fulton Financial Corporation can be found at www.fult.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171030005206/en/
Fulton Financial Corporation
Media Contact:
Stacey
Karshin, 717-291-2739
or
Investor Contact:
Jason
Weber, 717-327-2394
Source: Fulton Financial Corporation