Fulton Bank, National Association is headquartered in Lancaster and is the 3rd largest bank in the state of Pennsylvania. It is also the 83rd largest bank in the nation. It was established in 1882 and as of September of 2020, it had grown to 3,360 employees at 232 locations. Fulton Bank, National Association has an A+ health rating.
Be Careful
Fulton Bank mailed me a promotion to open a checking account and get $150. I followed all the steps exactly. I set up direct deposit within the time required, etc. It has been several months and I still do not have the bonus. I don't understand how they can mail you a promotion and then not give it. I am 100% sure I followed everything that was required. I've never had any accounts with them in the past so I just don't get it.
Horrible Bank - Stay Away
Worst online banking experience that I’ve ever had. Fulton will readily take your deposits, but it’s oh so difficult to withdraw your monies. They place low limits on the amount you can withdraw but not on the amounts you can deposit. Then they also charge fees to make withdrawals from your savings account while other banks do not. I eventually had to get a “notarized” letter to close my account and withdraw the remaining account balance - this was the most absurd thing that I’ve ever experienced in a banking relationship. It then took Fulton over a week to process my account closure and then send me my money. I’m so glad that I’m no longer doing business with this bank. Stay Away!
Like Watching Grass Grow And Paint Dry
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.
A Great Bank If You're Nostalgic For The 80'S
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.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 7551 |
| Year Established | 1882 |
| Employees | 3360 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 7.26% |
| Annual Interest Income | $559.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $25.40B$21.56B |
| Loans | Q3 2020vs Q3 2019 | $18.87B$16.57B |
| Deposits | Q3 2020vs Q3 2019 | $20.79B$17.42B |
| Equity Capital | Q3 2020vs Q3 2019 | $2.97B$2.52B |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $266.8MM$166.1MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $142.1MM$136.0MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $4.6MM$7.7MM |
