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.
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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).
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