Agree 100% with Pintman's review: Fulton's loan process is "Glacial". Spot On! We'd established a great, long-term working relationship with some wonderfully responsive Fulton Bank personel for our commercial investments (the only reason Fulton got 2 stars instead of 1). The loan process was always seemless, and quick.
Recently, our contacts have been shifted around here and there, and the once respectful, timely business process went static. Now, it seems that the "powers that be" at Fulton's decision table work an awkward 1-day "production" week:
Thursday: Reserved for setting up foursomes and tee times. No decisions made
Friday: The weekly "hit the Links!" outing with the pals. No decisions made
Monday: Breakfast-brunch-lunch with the golf buddies to review Friday's game. No decisions made.
Tuesday Review loan requests not completed on Thursday and Friday. Paper shuffle. Procrastinate 1 more day.
Wednesday: Actually make a decision on a loan request, or two. Leave all other requests sit until next week.
Recommendation: If you're a serious commercial investor looking for a business-like, congenial, and respectful relationship based on a win-win situation, look elsewhere. Fulton Bank seems more interested in nickel and diming granny out of her checking account than acting like a grown up business lending institution. Sorry Fulton, I'm leaving, and taking my investor network with me.
PS Fulton on-line banking mirrors their loan process: novice, cumbersome, and time-consuming to use.
We are appauled at the way Fulton Bank Commercial Loan Dept. has handled our business account. We have numerous business accounts with them, commercial mortgages, and personal accounts and credit lines. We have always met our obligations and payments with them and have never gone into any kind of a default situation. "Out of the Blue" we received a letter from Fulton Bank's Attorney that they were "calling" our Line of Credit Note and demanding immediate payment within 10 days. When asked "why" ? I was told that...because property values have gone down...they feel that there is insufficient collaterial now to cover the loan. Never did we receive a call to "discuss the situation"...or have a "sit down meeting".....just a letter from their attorney stating "pay" the note or face "foreclosure" or "Judgement". I have been a customer of this bank personally for 40 yrs. i don't deserve this kind of treatment. Planning to get note "paid in full" and moving all accounts to a different bank.
Only reason for giving one star is because local branch personnel are very nice and responsive. The Fulton Commercial Loan people, though, are "Sharks" and should be avoided at all costs!
In my mid-50s, I'm down to just two personal checking accounts and a home equity LOC. I stuck with Fulton for too many years simply because they have a ton of branches in Central Pennsylvania. But I gradually got fed up with their stodgy service. Feature-deficient online banking that was hard to set up, hard-to-read line of credit statements, glacial loan application processing, indifferent service, limited branch hours. I always got the feeling this bank really doesn't want to be part of the 21st century, and doesn't want walk-in customers like me. I'm reminded of that old TV commercial about the Lethargic National Bank.
Every year for the past 3 yrs, it takes weeks for us to get our loan statements. We were told we have to open a checking and/or savings account in order to get our interested statements processed quickly. We have a loan account!!! Why can't Fulton Bank process these statements either online or within the guidelines of 1099s, W2, etc. We have to go into bank to get the interest statements. It's ridiculous!! I will never open an account with you and if I could move my loan account, I would!! Get with the times!
Fulton Bank is the worst bank for Jumbo Loans and is untrustworthy. They have avoided our repeated request for help to lower our rate because since we built our house the value has decreased by more than 50%. We are currently paying them more for our house than it is worth. They should be invested by the FDIC because of these unscrupulous methods of banking.
I agree with most of the others posts. This is a terrible bank to do business with.
I banked with them for years when they were "The Bank of South Jersey" and they were great. Once they became Fulton Bank it became horrible. They started giving me outrageous fees. They would charge me to use a free ATM at Wawa! The fees were just too much.
Never one to be friendly, I assumed when my husband died and I needed a notary, my bank would be there for me. Wrong. In the state of PA., a bank mgr. doesn't notarize for anything other than mtg. or loans. Although I go there weekly, they always act as if they have no idea who I am.
Not a good bank.