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Fulton Financial Corporation Approves $75 Million Stock Repurchase Program
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buyback
LANCASTER, Pa.--(BUSINESS WIRE)--
Fulton Financial Corporation (“Fulton”) (Nasdaq: FULT) today announced that its Board of Directors has approved the repurchase of up to $75 million of shares of Fulton’s common stock, or approximately 2.7 percent of Fulton’s outstanding shares, based on the closing price of Fulton’s common stock and the number of shares outstanding on March 17, 2022 (the “2022 Program”). Shares may be repurchased under the 2022 Program commencing on April 1, 2022, following the March 31, 2022 expiration of the repurchase program announced on February 9, 2021. The 2022 Program will expire on December 31, 2022.
As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases may be made from time to time in open market or privately negotiated transactions, including without limitation, through accelerated share repurchase transactions. The repurchase program may be discontinued at any time.
Fulton Financial Corporation, a $26 billionLancaster, Pennsylvania-based financial holding company, has approximately 3,200 employees and operates more than 200 banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.
Additional information on Fulton Financial Corporation can be found at www.fultonbank.com.
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
