LANCASTER, Pa.--(BUSINESS WIRE)--
Fulton Financial Corporation (NASDAQ: FULT) today announced that the
Office of the Comptroller of the Currency (OCC) has approved the
Corporation’s application to merge two of its subsidiary banks – FNB
Bank, N.A., based in Danville, PA, and Swineford National Bank, based in
Middleburg, PA – into its largest banking subsidiary, Fulton Bank, N.A.
The consolidation of the three bank charters is expected to be completed
in the fourth quarter of 2018. Customers of the banks should see
minimal, if any, changes, other than the bank name, as a result of the
merger.
As discussed in previous communications, it is Fulton Financial
Corporation’s goal to eventually merge all of its subsidiary banks into
Fulton Bank, N.A. so that it will operate one banking subsidiary in its
five-state, mid-Atlantic footprint. The OCC’s approval of the merger of
these three subsidiary banks is the first step toward accomplishing this
goal.
Safe Harbor Statement
This news release may contain forward-looking statements with respect to
the Corporation’s financial condition, results of operations and
business. Do not unduly rely on forward-looking statements.
Forward-looking statements can be identified by the use of words such as
"may," "should," "will," "could," "estimates," "predicts," "potential,"
"continue," "anticipates," "believes," "plans," "expects," "future,"
"intends," “projects,” the negative of these terms and other comparable
terminology. These forward looking statements may include projections
of, or guidance on, the Corporation’s future financial performance,
expected levels of future expenses, anticipated growth strategies,
descriptions of new business initiatives and anticipated trends in the
Corporation’s business or financial results.
Forward-looking statements are neither historical facts, nor assurance
of future performance. Instead, they are based on current beliefs,
expectations and assumptions regarding the future of the Corporation’s
business, future plans and strategies, projections, anticipated events
and trends, the economy and other future conditions. Because
forward-looking statements related to the future, they are subject to
inherent uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of the Corporation’s
control, and actual results and financial condition may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not unduly rely on any of these forward-looking
statements. Any forward-looking statement is based only on information
currently available and speaks only as of the date when made. The
Corporation undertakes no obligation, other than as required by law, to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
A discussion of certain risks and uncertainties affecting the
Corporation, and some of the factors that could cause the Corporation's
actual results to differ materially from those described in the
forward-looking statements, can be found in the sections entitled "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the Corporation’s Annual Report
on Form 10-K for the year ended December 31, 2017, and Quarterly Report
on Form 10-Q for the quarter ended March 31, 2018, which have been filed
with the Securities and Exchange Commission and which are available in
the Investor Relations section of the Corporation's website (www.fult.com)
and on the Securities and Exchange Commission's website (www.sec.gov).
Additional information about Fulton Financial Corporation is available
at www.fult.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180522006351/en/
Fulton Financial Corporation
Laura J. Wakeley,
717-291-2616
Source: Fulton Financial Corporation