Operation HOPE and Fulton Bank Partnership Generates Nearly $1 Billion in Loans to Low- and Moderate-Income Homebuyers
January 23 2023 - 3:10PM
Business Wire
Since 2016, Fulton Bank has made a substantial
number of low- to moderate-income home loans through its
partnership with Operation HOPE
Operation HOPE recently recognized Fulton Bank, a subsidiary of
Fulton Financial Corporation (NASDAQ: FULT), for providing nearly
$1 billion in loans to low- and moderate-income homebuyers over the
past seven years.
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“We’re pleased to partner with organizations like Fulton Bank
that understand the importance of home ownership in empowering our
communities,” said John Hope Bryant, Founder, Chairman and CEO of
Operation HOPE. “We honored Fulton Bank for their commitment to
increasing social mobility at our recent HOPE Global Forum, the
largest gathering of its kind, dedicated to expanding financial
inclusion for everyone.”
In 2016, Fulton Bank began collaborating with Operation HOPE, a
leading non-profit focused on financial literacy and economic
inclusion. Fulton Bank participates in the Closing Cost Assistance
Program, which provides grants to buyers to help with the up-front
costs of purchasing a home. Fulton also sponsors Operation HOPE
financial wellness coaches in six cities throughout its footprint.
The coaches provide free education to consumers, focusing on
improving their credit and preparing them for the financial aspects
of home ownership.
Fulton Bank has helped facilitate more than $968 million in
loans to more than 5,700 homebuyers under the Closing Cost
Assistance Program, and that cumulative total is on track to hit $1
billion in loans in 2023. In addition to homebuyer loans, the bank
has donated more than $8 million in grants to make purchasing a
home more affordable for low and moderate-income buyers.
“Fulton Bank’s purpose is to change lives for the better, and
one of the best ways we can do that is by helping people achieve
the dream of homeownership,” said William “Smokey” Glover,
Executive Vice President and Director of Fair and Responsible
Banking for Fulton Bank. “We are grateful for our collaboration
with Operation HOPE, which enables us to provide valuable financial
education along with financing. Both elements are critical to set
homebuyers on a path to success.”
Operation HOPE recognized Fulton Bank for their ongoing
collaboration at the 9th Annual HOPE Global Forums in Atlanta in
December, which included nearly 5,000 delegates and attained more
than 1 million views online.
About Operation HOPE, Inc.
Since 1992, Operation HOPE has been moving America from civil
rights to "silver rights" with the mission of making free
enterprise and capitalism work for the underserved—disrupting
poverty for millions of low and moderate-income youth and adults
across the nation. Through its community uplift model, HOPE Inside,
which received the 2016 Innovator of the Year recognition by
American Banker magazine, Operation HOPE has served more than 4
million individuals and directed more than $3.2 billion in economic
activity into disenfranchised communities—turning check-cashing
customers into banking customers, renters into homeowners, small
business dreamers into small business owners, minimum wage workers
into living wage consumers, and uncertain disaster victims into
financially empowered disaster survivors. For more information:
OperationHOPE.org. Follow the HOPE conversation on Twitter,
Facebook and Instagram.
About Fulton Bank, N.A.
Headquartered in Lancaster, Pa., Fulton Bank is a premier
community bank in the Mid-Atlantic region. As a subsidiary of
Fulton Financial Corporation, a $26 billion financial services
holding company, Fulton Bank offers 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 3,300 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, Equal Housing Lender.
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version on businesswire.com: https://www.businesswire.com/news/home/20230123005683/en/
Operation HOPE: Lalohni Campbell (404) 593-7145
Fulton Bank: Steve Trapnell (717) 291-2739
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