Fulton Financial Corporation Celebrates Expanded Headquarters

Business Wire 30-Apr-2019 10:26 AM

Yesterday, Fulton Financial Corporation (NASDAQ:FULT) hosted a ribbon-cutting ceremony to celebrate the completion of its and Fulton Bank, N.A.'s corporate headquarters expansion at 23 E. King St., in downtown Lancaster, PA.

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Phil Wenger, Chairman and CEO of Fulton Financial Corporation, cuts the ribbon to commemorate the official opening of Fulton's Headquarters Expansion in downtown Lancaster, PA. (Photo: Business Wire)

"This is a proud day for Fulton, our project partners and our community," said E. Philip Wenger, chairman and CEO of Fulton Financial Corporation. "This new building symbolizes the growth of our company and the vibrancy of our local economy. Fulton is committed to changing lives for the better and we are proud to continue to invest in our thriving Lancaster community."

Event speakers included:

• Phil Wenger, chairman and CEO, Fulton Financial Corporation
• Lancaster City Mayor Danene Sorace
• Congressman Lloyd Smucker

Fulton Financial Corporation's senior management team members, along with other state, county and city officials, community leaders and the construction project team attended the event.

Some of the project partners include:

• Warfel Construction Company, general contractor
• Francis Cauffman, architectural firm
• High Construction, owner's representative
• Rettew Associates, civil engineer

The three-story office building contains approximately 60,000 square feet of space, including 1,500 square feet of street-front retail space for Subway™. The new building is currently occupied by 200 employees, and has space for 400 employees to account for projected new hires, based on Fulton Financial Corporation's 10-year growth plan.

Fulton announced in 2010 that it had purchased the property with the intent to expand its corporate offices at Penn Square. In 2013, the company paused the construction project to evaluate its needs and current buildings on Penn Square and in East Petersburg to ensure that the company was optimizing its existing facilities. It has since reworked areas of its existing Penn Square headquarters and completed a major remodel of the East Petersburg Operations Center, adding 425 new workspaces between the two locations.

About Fulton Financial Corporation

Fulton Financial Corporation, a $21 billion Lancaster, PA-based financial holding company, operates approximately 230 offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through four subsidiary banks. Learn more about Fulton Financial Corporation at www.fult.com.

Forward-looking Statement:

This news release may contain forward-looking statements with respect to the Corporation's financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends" and similar expressions which are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Corporation's control and ability to predict, that could cause actual results to differ materially from those expressed in the forward-looking statements.

A discussion of certain risks and uncertainties affecting the Corporation, and some of the factors that could cause the Corporation's actual results to differ materially from those described in the forward-looking statements, can be found in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2018, which has been filed with the Securities and Exchange Commission and is available in the Investor Relations section of the Corporation's website (www.fult.com) and on the Securities and Exchange Commission's website (www.sec.gov). The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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