Fulton Financial Corporation

OPERATION HOPE CELEBRATES 159th ANNIVERSARY OF FREEDMAN'S BANK BY ADDING NEW LOCATIONS TO ITS NATIONAL HOPE INSIDE NETWORK

Retrieved on: 
Monday, March 4, 2024

ATLANTA, March 4, 2024 /PRNewswire/ -- Operation HOPE, a national nonprofit dedicated to helping low-and moderate-income Americans thrive in an ever-changing economy, today recognized the 159th anniversary of the Freedman's Bank by announcing its newest HOPE Inside locations. Continuing its impressive growth streak, the organization is expanding its national footprint to the communities of Sacramento, Kansas City, Tampa, and Minneapolis. Operation HOPE uses its HOPE Inside locations to deliver no-charge financial coaching to individuals in the community or at work.

Key Points: 
  • Continuing its impressive growth streak, the organization is expanding its national footprint to the communities of Sacramento, Kansas City, Tampa, and Minneapolis.
  • Operation HOPE uses its HOPE Inside locations to deliver no-charge financial coaching to individuals in the community or at work.
  • During its existence, the Freedman's Bank maintained some 37 offices in 17 states.
  • Operation HOPE, along with its partners from the public and private sectors, is working to advance the unfulfilled legacy of the Freedman's Bank through its HOPE Inside portfolio.

Fulton Financial Corporation Names Betsy Chivinski as Interim Chief Financial Officer and Atul Malhotra as Chief Risk Officer

Retrieved on: 
Friday, February 9, 2024

Fulton Financial Corporation (Nasdaq: FULT) (Corporation) today announced that Betsy Chivinski (Chivinski) has been named interim chief financial officer (CFO), replacing Mark McCollom who resigned from Fulton Financial on February 8, 2024.

Key Points: 
  • Fulton Financial Corporation (Nasdaq: FULT) (Corporation) today announced that Betsy Chivinski (Chivinski) has been named interim chief financial officer (CFO), replacing Mark McCollom who resigned from Fulton Financial on February 8, 2024.
  • In a related announcement, Atul Malhotra (Malhotra) has been promoted to chief risk officer (CRO) to succeed Chivinski in that role.
  • Previously chief risk officer, Chivinski will now serve as senior executive vice president and interim CFO and will continue to report to Chairman and CEO Curt Myers.
  • Replacing Chivinski, Malhotra will serve as executive vice president and chief risk officer and will report to Myers.

Operation HOPE Continues Streak of Impressive Growth With Release of 2023 Impacts

Retrieved on: 
Monday, February 5, 2024

Operation HOPE, a national nonprofit dedicated to helping low-and moderate-income Americans thrive in an ever-changing economy, announced its top-line results for 2023.

Key Points: 
  • Operation HOPE, a national nonprofit dedicated to helping low-and moderate-income Americans thrive in an ever-changing economy, announced its top-line results for 2023.
  • Operation HOPE continued its impressive streak of growth by expanding its national footprint of HOPE Inside locations, growing its portfolio of top-tier partner organizations, and serving a record number of clients.
  • Operation HOPE uses its HOPE Inside locations to deliver no-charge financial coaching to individuals in the community or at work.
  • Increased donations from private foundations, high net wealth donors, and individuals by 75%, closing 2023 at $2.21 million.

Fulton Financial Corporation Announces Dates for Fourth Quarter 2023 Earnings Release and Webcast

Retrieved on: 
Monday, January 8, 2024

Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its fourth quarter 2023 earnings release and accompanying charts on Tuesday, January 16, at approximately 4:30 p.m. Eastern Time.

Key Points: 
  • Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its fourth quarter 2023 earnings release and accompanying charts on Tuesday, January 16, at approximately 4:30 p.m. Eastern Time.
  • Fulton will host a conference call with analysts on Wednesday, January 17, at 10 a.m. Eastern Time.
  • The link to the webcast of this call can be found at https://investor.fultonbank.com .
  • Fulton, a $27 billion Lancaster, Pa.-based financial holding company, has approximately 3,300 employees and operates more than 200 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.

Fulton Financial Corporation Names Angela Snyder as President

Retrieved on: 
Wednesday, December 20, 2023

Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced that Angela Snyder has been named President of Fulton and Fulton Bank, N.A.

Key Points: 
  • Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced that Angela Snyder has been named President of Fulton and Fulton Bank, N.A.
  • (“Fulton Bank”) and a director of Fulton Bank, effective January 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231220349752/en/
    Angela Snyder, President and Chief Banking Officer, Fulton Financial Corporation and Fulton Bank, N.A.
  • She joined Fulton in 2002 as President of Woodstown National Bank and then served as Chairwoman, President and CEO of Fulton Bank of New Jersey until 2019, when it was consolidated into Fulton Bank.

Fulton Financial Corporation Announces Increased Common Stock Dividend, Preferred Stock Dividend and $125 Million Repurchase Program

Retrieved on: 
Tuesday, December 19, 2023

This is a one cent per share increase from the quarterly cash dividend that the Board declared on September 19, 2023.

Key Points: 
  • This is a one cent per share increase from the quarterly cash dividend that the Board declared on September 19, 2023.
  • Fulton also announced that the Board approved the repurchase of shares of Fulton’s common stock and other securities in an aggregate principal amount not to exceed $125 million (the “2024 Program”) commencing on January 1, 2024 and expiring on December 31, 2024.
  • Under the 2024 Program, up to $25 million may be used to repurchase shares of Fulton’s Preferred Stock and outstanding subordinated notes.
  • The 2024 Program may be discontinued at any time at the discretion of the Board and does not commit Fulton to repurchase any of its securities.

Ben Franklin Technology Partners completes first close of its expected $100M venture fund for Pennsylvania innovation

Retrieved on: 
Thursday, November 9, 2023

PHILADELPHIA, Nov. 9, 2023 /PRNewswire/ -- Ben Franklin Technology Partners of Southeastern Pennsylvania ("Ben Franklin") has completed a first close of its Global Opportunity Pennsylvania Fund II, L.P. (the "GO PA Fund"), a growth stage venture fund to invest in technology-focused enterprises throughout the Commonwealth of Pennsylvania. Anchor investors include Ben Franklin and Fulton Bank, as well as notable commitments from the Ben Franklin Technology Development Authority (BFTDA), WSFS Bank, Robin Hood Ventures and Investors Circle.

Key Points: 
  • $28M first close tops total raise of GO Philly Fund; new fund will invest primarily in Pennsylvania-based high growth technology companies already part of the Ben Franklin Network portfolio
    PHILADELPHIA, Nov. 9, 2023 /PRNewswire/ -- Ben Franklin Technology Partners of Southeastern Pennsylvania ("Ben Franklin") has completed a first close of its Global Opportunity Pennsylvania Fund II, L.P. (the "GO PA Fund"), a growth stage venture fund to invest in technology-focused enterprises throughout the Commonwealth of Pennsylvania.
  • Anchor investors include Ben Franklin and Fulton Bank, as well as notable commitments from the Ben Franklin Technology Development Authority (BFTDA), WSFS Bank, Robin Hood Ventures and Investors Circle.
  • First close of expected $100M venture fund for Pennsylvania innovation; to invest in PA-based tech & health companies.
  • Raising approximately $28 million in its first close, the GO PA Fund already has exceeded the total $24.3 million raised by Ben Franklin's prior fund, Global Opportunity Philadelphia Fund I, L.P. (the "GO Philly Fund").

Burnham Holdings, Inc. Announces New Revolving Credit Facility

Retrieved on: 
Wednesday, October 25, 2023

The new 5-year revolving facility (revolver) replaces the previous 5-year revolving credit facility which was set to mature on January 31, 2025.

Key Points: 
  • The new 5-year revolving facility (revolver) replaces the previous 5-year revolving credit facility which was set to mature on January 31, 2025.
  • and PNC Bank, N.A., and includes total borrowing capacity of up to $92.0 million to support working capital needs.
  • Additionally, to free capacity on the revolver, a $3.7 million term note was entered into and collateralized by certain real property.
  • The term note accrues interest at a fixed rate; principal and interest payments are due quarterly beginning December 2023.

Fulton Financial Corporation Announces Dates for Third Quarter 2023 Earnings Release and Webcast

Retrieved on: 
Monday, October 9, 2023

Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its third quarter 2023 earnings release and accompanying charts on Tuesday, October 17, at approximately 4:30 p.m. Eastern Time.

Key Points: 
  • Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that it will distribute its third quarter 2023 earnings release and accompanying charts on Tuesday, October 17, at approximately 4:30 p.m. Eastern Time.
  • Fulton will host a conference call with analysts on Wednesday, October 18, at 10 a.m. Eastern Time.
  • The link to the webcast of this call can be found at https://investor.fultonbank.com .
  • Fulton, a $27 billion Lancaster, Pa.-based financial holding company, has approximately 3,300 employees and operates more than 200 branches in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.

Fulton Financial Corporation Declares Quarterly Common and Preferred Dividends

Retrieved on: 
Tuesday, September 19, 2023

Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.16 per share on its common stock, payable on October 13, 2023, to shareholders of record as of October 2, 2023.

Key Points: 
  • Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.16 per share on its common stock, payable on October 13, 2023, to shareholders of record as of October 2, 2023.
  • In addition, Fulton announced that the Board declared a quarterly dividend of $12.81 per share (equivalent to $0.32025 per depositary share) on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on October 16, 2023, to shareholders of record as of October 1, 2023, for the period from and including July 15, 2023, to, but excluding, October 15, 2023.
  • Fulton, a $27 billion Lancaster, Pennsylvania-based financial holding company, has more than 3,300 employees and operates more than 200 financial centers in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20230919953088/en/