The Bank, based in Mt. Laurel, NJ, and Skylands Community Bank, based in Chester, NJ, today announced that their boards of directors have reached an agreement in principle to unite the two banks. Both banks are subsidiaries of Fulton Financial Corporation. This action is subject to approval by bank regulatory authorities and is expected to be completed during the fourth quarter of 2011.
Following the merger, the combined bank will remain part of Fulton Financial Corporation and will be known as Fulton Bank of New Jersey.