Lancaster, Pennsylvania, May 1, 2024–(BUSINESS WIRE)–Fulton Financial Corporation (NASDAQ: FULT) (the “Company'') today announced the closing of an offering of 19,166,667 shares of its common stock (the “Common Shares'') at the public offering price. Includes public stock of $15 per share. This includes his 2,500,000 shares being issued upon the full exercise by the underwriters of their option to purchase additional shares of common stock. The gross proceeds from this offering were $287.5 million.
Piper Sandler and BofA Securities acted as joint bookkeepers for the offering.
The Company received net proceeds from the offering, after deducting underwriting discounts and before deducting transaction costs, of approximately $273.5 million. The Company anticipates that the net proceeds from this offering, including the support of new opportunities related to its business strategy following the previously announced acquisition of substantially all of its assets and assumption of substantially all of its deposits and certain indebtedness. It is intended to be used for general corporate purposes. It operates as Republic First Bank through the Federal Deposit Insurance Corporation.
The common stock to which this communication relates was issued pursuant to an effective registration statement on Form S-3 (File No. 333-274624) filed with the Securities and Exchange Commission (the “SEC”). A final prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC. These documents are available free of charge by visiting EDGAR on the SEC's website at http://www.sec.gov. For electronic copies of the final prospectus supplement and accompanying base prospectus, please contact the Prospectus Department at Piper Sandler, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, Attn: (800) 747-3924 or by mailing the prospectus Available by email to: @psc.com or BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by email at dg.prospectus_requests@bofa.com.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities in any state or other jurisdiction in which such offer, solicitation or sale may be made. There will be no sale of securities. It may be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The common stock to which this communication relates has not been approved or disapproved by any regulatory authority, and any prospectus supplement or related shelf registration statement or prospectus has not been approved or disapproved as to the accuracy or adequacy of the prospectus supplement or the related shelf registration statement or prospectus. The authorities have not given approval or disapproval.
About Fulton Financial Corporation
Fulton Financial Corporation is a Pennsylvania-based financial holding company that operates more than 200 financial centers in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia through its banking subsidiary, Fulton Bank, NA. doing.
Safe Harbor Statement
This press release contains forward-looking statements. Forward-looking statements include the words “may,” “should,” “will,” “could,” “estimated,” “projected,” and “could”. can be identified by the use of words such as , “continue” and “expected”. “believes,” “plans,” “expects,” “future,” “intends,” “plans,” the negative of these terms, and other comparable terms.
Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, this statement is based on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, many of which are beyond our control and may cause our actual results of operations and financial condition to vary. They may differ significantly from what is shown. In forward-looking statements. Therefore, you should not place undue reliance on these forward-looking statements. Forward-looking statements are based solely on currently available information and speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For a description of certain risks and uncertainties affecting us and some of the factors that could cause our actual results to differ materially from those described in the forward-looking statements, see “Risk Factors.” ” and in the section titled “Management Views.” “Discussion of Financial Condition and Results of Operations'' in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and other current and periodic reports filed or to be filed with the stock exchanges. This information is available on the SEC's website (www.sec.gov).
View source version on businesswire.com. https://www.businesswire.com/news/home/20240501787091/ja/
contact address
Media contact: Lacey Dean, 717-735-8688
Investor contact information: Matt Jozwiak, 717-327-2657
