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Wednesday, August 29, 2012 - 11:39 AM
(1 stars)
Management Problems
Fulton Bank, National Association
(1 stars)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!
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!
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