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Fulton Bank Releases First Corporate Social Responsibility Report Focused on Changing Lives for the Better
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LANCASTER, Pa.--(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
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.
fulton financial corporation is a $17+ billion regional financial holding company headquartered in lancaster, pennsylvania, providing a variety of financial services throughout our ten affiliates in pennsylvania, maryland, delaware, new jersey and virginia. we operate approximately 250 offices and atms. our flagship bank, fulton bank, was founded in 1882 and operates throughout south central pennsylvania, delaware and virginia. our corporation also provides a broad array of financial services through: fulton financial advisors, n.a. (trust, brokerage and investment management services) fulton mortgage company (residential mortgage services) as part of fulton financial corporation, our affiliate banks are able to offer a broad array of financial services while maintaining the strong personal relationships and community support our customers have come to expect and appreciate. our community-oriented style of banking enables us to be better listeners, and to satisfy and maintain lo