Fulton Financial Corp.

+0.18 (+1.66%)
Restructuring / Reorganization, Other Pre-Announcement

Fulton Financial Says Approved Plan To Close 21 Financial Center Offices Consolidate Operations Of Those Offices Into Nearby Financial Centers Operated By Bank

Published: 10/01/2020 13:02 GMT
Fulton Financial Corp (FULT) - Fulton Financial-approved Plan to Close 21 Financial Center Offices, Consolidate Operations of Those Offices Into Nearby Financial Centers Operated by Bank.
Fulton Financial- Financial Center Offices Being Closed Are Located in Maryland, New Jersey,pennsylvania, and Include Five Limited Service Facilities.
Fulton Financial Corp - Financial Centers Are Expected to Close on Or About January 8, 2021.
Fulton Financial Corp - in Connection With Financial Center Closures, Co Expects to Incurpre-taxcosts of About $11.5 Million.
Fulton Financial Corp - These Costs Are Expected to Be Recognized in Third and Fourth Quarters of 2020, and Q1 of 2021.
Fulton Financial - Expects Closure of These Financial Centers Will Reduce Annual Pre-tax Operating Expense by About $7 Million, Beginning in Q1 of 2021.