The Bank merged with Skylands Community Bank in October of 2011 to form Fulton Bank of New Jersey. Both banks were subsidiaries of the Fulton Financial Corporation, a bank holding company with several other institutions under its umbrella.
Fulton Bank of New Jersey, now with the combined power of both banks, is able to offer more competitive personal and business banking products and services. On its personal banking side, the bank has multiple variances of checking, savings, money market, CD, and IRA accounts. Its basic, student, and senior checking account offerings have no monthly service fee and no minimum daily balance requirements, but only the senior account pays interest. There are several other checking account options that pay interest but come with minimum daily balance requirements in order to avoid monthly fees. Multiple savings accounts options are available that come with free online banking and make it easy for students to save. Money market accounts have minimum daily balance requirements and offer higher levels of interest based on total account balances. Certificates of deposit (CDs) and IRA CDs are available in term lengths ranging from 3 months to 5 years.
Fulton Bank of New Jersey online banking provides a customized money management tool for customers to use for budgeting purposes and expense tracking. Bill pay, online statements, rewards points, text banking, and mobile apps are also featured as part of the bank’s online banking system. Mobile apps work on tablet and smartphone devices.
Fulton Bank of New Jersey was originally established in 1989 as The Bank of Gloucester County. It changed its name in 2011 after its merger to Fulton Bank of New Jersey and is currently headquartered in Mount Laurel, New Jersey. The bank serves its customers through numerous branches located in the New Jersey area.
EVERYTHING is down hill.
They used to take funds right from your account when you used your MAC for a purchase. Now, they leave them in the balance that appears---but THAT is not the actual balance in your account. This practice began after the switch, when they agressively marketed "overdraft protection". Since I never do overdrafts, I saw no need for it---but I have seen half a dozen instances since, where the odd wat they display balnces could RESULT in an overdraft.
If you want to know the ACTUAL balance, you need to click on "transfers"...that account balance will ALWAYS be less than the amount showing as "available."
I have also been shut out of my own account a few times in a few days. Theit IT people treated me like an idiot...then couldn't access the account either. Whatever "changes" they have made are not to my benefit...or any other customer.
I complained...but was told that "nothing changed". Nonsense. I use online banking all the time, and it was obvious what had been done. The Banks was great...but Fulton is heading the Way of Wells Fargo...a great shame.
worst bank ever. they send you things you dont ask for and when you close your account they continue to keep it open and send you credit cards that could be taken out of your trash and used if you didnt open the mail. dont use them!!!
These guys just gave me 2% on a 5 year CD, but you have ask for it.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Fulton Bank of New Jersey had $50.98 million in non-current loans and owned real-estate with $530.7 million in equity and loan loss allowances on hand to cover it. This gives Fulton Bank of New Jersey a Texas Ratio of 9.61% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Fulton Bank of New Jersey decreased dramatically from 14.05% as of December 31, 2012 to 9.61% as of December 31, 2013, resulting in a positive change of 31.63%.This indicates that the balance sheet and financial strength for Fulton Bank of New Jersey has improved dramatically in recent periods.
In the past year, Fulton Bank of New Jersey has decreased its total deposits by -$15.37 million, resulting in -0.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Fulton Bank of New Jersey has shown is average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Fulton Bank of New Jersey has $3.3 billion in assets with $530.7 million in equity, resulting in a capitalization level of 16.09%, which is excellent.
|FDIC Certificate #||27614|
|Assets and Liabilities|
|Equity Capital||$466.09 million|
|Loan Loss Allowance||$64.62 million|
|Unbacked Noncurrent Loans||$44.35 million|
|Real Estate Owned||$6.63 million|
|Historic Data - December 2012|
|Equity Capital||$472.86 million|
|Loan Loss Allowance||$80.93 million|
|Unbacked Noncurrent Loans||$44.35 million|
|Real Estate Owned||$10.73 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.85%|
|Return on Assets||0.8%|
|Return on Equity||5.65%|
|Interest Income||$123.66 million|
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|0.15%||-||-||IRA Statement Savings|
|0.20%||$1m||-||Platinum Money Market Account|
|0.10%||$1k||-||Money Market Account|
|2.25%||$500||-||60 Month Promo Relationship Banking CD|
|1.75%||$500||-||5 Year CD|
|1.50%||$500||-||4 Year CD|
|0.80%||$500||-||3 Year CD|
|0.60%||$500||-||2 Year CD|
|0.45%||$500||-||18 Month CD|
|0.30%||$500||-||12 Month CD|
|0.20%||$500||-||6 Month CD|
|0.15%||$500||-||3 Month CD|
|1.75%||$500||-||5 Year IRA (Traditional,Roth,CESA)|
|1.50%||$500||-||4 Year IRA (Traditional,Roth,CESA)|
|0.80%||$500||-||3 Year IRA (Traditional,Roth,CESA)|
|0.60%||$500||-||2 Year IRA (Traditional,Roth,CESA)|
|0.45%||$500||-||20 Month IRA (Traditional,CESA,Roth)|
|0.30%||$500||-||12 Month IRA (Traditional,Roth,CESA)|
|0.20%||$500||-||6 Month IRA (Traditional,Roth,CESA)|