FULTON BANK LAUNCHES DEPOSIT ESCROW MANAGEMENT PLATFORM

Rhea-AI Summary

Fulton Bank, a subsidiary of Fulton Financial , has launched Fulton Deposit Escrow Management, a new digital platform for escrow account and subaccount management. The service is provided in partnership with ZSuite Technologies and is aimed at clients in the real estate industry and municipal organizations. The platform, called ZEscrow, offers features such as bulk import capability, easy account access, and interest configuration.

Lou Lombardi, Fulton Bank Director of Middle Markets, emphasized that the platform provides customers with an easy and secure way to manage escrow accounts, offering real-time access to information. Nathan Baumeister, CEO of ZSuite Technologies, expressed excitement about the partnership, highlighting their commitment to providing advanced tools for businesses and individuals.

Positive

• Launch of new digital escrow management platform
• Partnership with ZSuite Technologies for advanced financial tools
• Improved efficiency and real-time access for customers

Negative

• None.

LANCASTER, Pa., Sept. 26, 2024 /PRNewswire/ -- Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation, today announced the launch of Fulton Deposit Escrow Management, which allows customers to access their escrow information and tools seamlessly.

This new digital capability is provided in partnership with ZSuite Technologies, a leading digital platform for escrow account and subaccount management. The platform is geared toward clients in the real estate industry, such as landlords and property managers, and municipal and local government organizations. ZEscrow allows for bulk import capability, easy account access, interest configuration and other features that make it a powerful tool for escrow management.

"We're proud to launch ZEscrow for our commercial customers," said Lou Lombardi, Fulton Bank Director of Middle Markets. "This new platform will provide our clients with an easy and secure way to manage their escrow accounts, granting them peace of mind and real-time access to their information. We are constantly aiming to deliver faster, more efficient results for our customers and our ZSuite partnership allows for exactly that."

"We are excited to partner with Fulton Bank to bring our innovative escrow management solutions to their valued customers," said Nathan Baumeister, CEO and co-founder of ZSuite Technologies. "This partnership reflects our shared commitment to providing advanced tools that empower businesses and individuals alike."

For more information, visit Fulton Bank's Escrow Management webpage.

About Fulton Bank
Headquartered in Lancaster, Pa., Fulton Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Fulton Financial Corporation, a more than $30 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 3,500 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.

About ZSuite Tech

ZSuite Tech is a financial technology company that aims to power financial institutions with digital escrow products for specific commercial verticals that they can offer to their clients. ZSuite's products, ZRent and ZEscrow, streamline collection of recurring payments and automate the management and compliance around three-party accounts and multi-use escrow subaccounting.

To learn more about ZSuite Tech and how it can benefit your financial institution, please visit: https://zsuitetech.com/ 

Contact: Jennifer Bowers
717-682-0174

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SOURCE Fulton Bank, NA

FAQ

What is Fulton Bank's new escrow management platform called?

Fulton Bank's new escrow management platform is called Fulton Deposit Escrow Management, powered by ZEscrow technology from ZSuite Technologies.

Who are the target customers for Fulton Bank's new escrow management platform?

The platform is geared towards clients in the real estate industry, such as landlords and property managers, as well as municipal and local government organizations.

What are some key features of Fulton Bank's new escrow management platform (FULT)?

Key features of Fulton Bank's new escrow management platform include bulk import capability, easy account access, interest configuration, and real-time information access for customers.

When did Fulton Bank (FULT) announce the launch of its new escrow management platform?

Fulton Bank announced the launch of its new escrow management platform on September 26, 2024.