Fulton Bank Releases First Corporate Social Responsibility Report Focused on Changing Lives for the Better
May 04 2022 - 1:15PM
Business Wire
Fulton Bank, the banking subsidiary of Fulton Financial
Corporation (NASDAQ: FULT), today released its first Corporate
Social Responsibility (CSR) report showcasing how the company is
meeting its mission of changing lives for the better. From driving
economic development and revitalization in local communities to
helping people in underserved populations own homes and start
businesses, Fulton Bankers are working hard to improve the lives of
everyone around them.
“For 140 years, we’ve been a community bank and we’ll continue
to be a community bank,” said Curtis “Curt” Myers, Chairman and
CEO, Fulton Bank. “We’re proud to share what that means to us in
this first CSR report—it means giving back, supporting others and
changing lives for the better.”
Statistical highlights of the Corporate Social Responsibility
Report include:
- $11.7 million in charitable contributions and donations via
Fulton Bank and the Fulton Forward® Foundation*
- 40,950 employee volunteer hours* among 3,200 employees
- Rated Outstanding for Community Reinvestment Act (CRA)
lending
- 4,695 HomeReady® Mortgage Plus loans through Fulton Mortgage
Company for low-to-moderate buyers totaling $830 million since
2016
- 7,239 residential mortgage loans totaling $1.1 billion from
2014 to 2021**
- $7.7 million in closing cost assistance program grants
disbursed from 2016 to 2021
- $3.6 million in other down payment and closing cost assistance
programs disbursed to 735 families*
- $2.7B+ in Paycheck Protection Program loans distributed
- $135 million in Small Business Administration loans
financed*
* reflects total aggregates from 2019 through 2021 ** reflects
mortgages through our HomeBuyer Advantage Plus®, HomeReady Plus®
and Fulton Bank Community Combo programs
Story highlights from the report include:
- Signature partnership with Operation HOPE to provide seven
financial wellness coaches across our five-state footprint
- Four-year partnership with the Featherstone Foundation to
advance economic outcomes of immigrant families via volunteerism
and a scholarship
- Partnership with local work-study programs to help
underprivileged youth gain hands-on experiences, with five program
graduates hired by Fulton Bank
- Partnerships with local schools to teach children financial
literacy and how to save money
- Since 2019, we’ve opened three new financial centers in
Baltimore and the Brewerytown Financial Center was designated as a
Small Business Center of Excellence
- Financed $26 million to Horizon House to relocate to a larger
community hub to provide child care, senior health care and other
community services
- Financed $17.4 million to improve six buildings served by Blind
Industries and Services of MD (BISM)
- Secured financing for the Philadelphia Metropolitan Opera House
renovation and made a qualifying equity investment beginning total
financing to $56 million
- Secured financing for $8 million qualifying equity investment
for a new industrial laundry facility in Camden, NJ, creating 120
jobs
Learn more about Fulton Bank in the 2021 CSR report.
About Fulton Bank, N.A.
Headquartered in Lancaster, Pa., Fulton Bank is a premier
community bank in the Mid-Atlantic region. As part of Fulton
Financial Corporation, a $26 billion financial services holding
company, we offer a broad array of products and services at more
than 200 financial centers across Pennsylvania, New Jersey,
Maryland, Delaware, and Virginia. At Fulton Bank, we seek to change
lives for the better by building strong customer relationships,
providing significant community support and empowering more than
3,200 employees to do the same. Through the Fulton Forward®
initiative, we’re helping build vibrant communities. Learn more at
www.FultonBank.com. Fulton Bank, N.A., Member FDIC.
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Lacey Dean (717) 735-8688
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