2012 ANNUAL REPORT
Fulton Financial Corporation
BANKING SUBSIDIARIES:
Fulton Bank, N.A.
Fulton Bank of New Jersey
Swineford National Bank
Lafayette Ambassador Bank
FNB Bank, N.A.
The Columbia Bank
Residential mortgage lending offered through:
Fulton Mortgage Company
Investment management and
planning services offered through:
Fulton Financial Advisors &
Clermont Wealth Strategies
248118_FFC_Cvr_R2.indd 1
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The Columbia Bank • FNB Bank, N.A. • Fulton Bank, N.A.
Fulton Bank of New Jersey • Lafayette Ambassador Bank • Swineford National Bank
The Columbia Bank • FNB Bank, N.A. • Fulton Bank, N.A.
Fulton Bank of New Jersey • Lafayette Ambassador Bank • Swineford National Bank
The Columbia Bank • FNB Bank, N.A. • Fulton Bank, N.A.
Fulton Bank of New Jersey • Lafayette Ambassador Bank • Swineford National Bank
STATE COLLEGE DIVISION
WEST
FULTON BANK OF NEW JERSEY
John A. Rodgers, Chairman
Tony Legenstine
Allan Darr
Elizabeth A. Dupuis
Jeffrey M. Krauss
FULTON BANK, N.A.
ADVISORY BOARDS
CENTRAL
Ronald L. Miller, C.P.A.
Wilbur G. Rohrer
Paul W. Stauffer
EAST
Galen Eby
R. Douglas Good, Esq.
Richard M. Hurst
Aldus R. King
John D. Yoder
LANCASTER CITY
Clarence E. Darcus
Ron Ford
Jessica H. May
NORTH
Gerald L. Harding
Dean A. Hoover
Louis G. Hurst
Kent M. Martin
NORTHWEST
P. Larry Groff, Sr.
Peter J. Hondru
Kenneth L. Kreider
Robert W. Obetz, Jr.
David W. Sweigart III
J. David Young, Jr., Esq.
Dennis M. Zubler
SOUTH
Frank M. Abel, V.M.D.
John E. Chase
James W. Hostetter, Sr., C.P.A.
Dwight E. Wagner
Eric Nissley
Lynette Trout
AGRICULTURAL ADVISORY BOARD
Harry H. Bachman
Robert Barley
Phoebe R. Bitler
Dennis L. Grumbine
William Hostetter
Amos M. Hursh
Aldus R. King
Jay H. Kopp
Rodney L. Metzler
William D. Robinson
Scott I. Sechler
Kyle Wagner
SWINEFORD NATIONAL BANK
Arthur F. Bowen
Thomas C. Clark, Esq.
Michael N. O’Keefe
William D. Robinson
Michael R. Wimer
Gene D. Zartman
LAFAYETTE AMBASSADOR BANK
Gary A. Clewell
Craig A. Dally
Rocco A. Del Vecchio
Robert E. Gadomski
Sara (Sally) Jane Gammon
Jamie P. Musselman
Gerald A. Nau
John J. Simon
FNB BANK, N.A.
Robert O. Booth
Kenneth A. Holdren
Bryan L. Holmes
James D. Hawkins
Gerald A. Nau
Wendy S. Tripoli
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THE COLUMBIA BANK
DIVISIONAL BOARDS
HAGERSTOWN TRUST DIVISION
Paul N. Crampton, Jr.
Louis J. Giustini
Donald R. Harsh, Jr.
Doris E. Lehman
Paul C. Mellott, Jr.
John A. Scaldara, Jr.
Gregory Snook
Michael S. Zampelli
PEOPLES BANK OF
ELKTON DIVISION
Harry C. Brown
Donald S. Hicks
Robert O. Palsgrove
John A. Scaldara, Jr.
Jeffrey G. Albertson, Esq.
Dennis N. DeSimone
Lawrence M. DiVietro, Jr.
James R. Johnson, Jr.
Warner A. Knobe
Joel A. Kobert
Stephen R. Miller
Denis H. O’Rourke
Antoinette Pergolin
Anthony J. Santye, Jr.
Leslie E. Smith, Jr.
Angela M. Snyder
Mark F. Strauss, Esq.
Norman Worth
FULTON BANK OF NEW JERSEY
DIVISIONAL BOARD
FIRST WASHINGTON DIVISION
Nancy R. Simpers
David K. Williams, Jr.
James R. Johnson, Jr.
Timothy J. Losch
Priscilla Luppke
Leonard Smith
THE COLUMBIA BANK
Joe N. Ballard, LTG, US Army (Ret.)
John M. Bond, Jr.
Robert R. Bowie, Jr.
Garnett Y. Clark, Jr.
Donald R. Harsh
James R. Moxley III
John A. Scaldara, Jr.
Gregory Snook
David K. Williams, Jr.
Elizabeth M. Wright
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Dear Shareholder,
I am pleased to report to you that through the hard work
of our 3,800 employees, Fulton Financial Corporation
produced solid financial results and continued to focus
on increasing shareholder value. In addition to growing
our earnings per share and return on assets, we improved
our asset quality and, as a result, were able to reduce our
provision for credit losses. We also grew our core deposit
base, again increased our non-interest income year over year
and continued to manage expenses.
Given our financial performance and strong capital position,
we were pleased to raise our quarterly cash dividend to
shareholders twice during the year. We have also been
buying back a portion of our stock under share repurchase
programs that we announced in the second quarter of 2012
and in the first quarter of 2013.
Financial Highlights
Our diluted earnings per share of $0.80 for 2012
represented a 9.6% increase over 2011. The Corporation’s
net income of $159.8 million increased 9.8% over 2011.
Our return on average assets for 2012 was 0.98%, which
compares favorably to our peers. This was an increase from
0.90% for 2011. One of the most encouraging aspects of
2012 was the loan growth that we experienced late in the
year. Growing our loan balances has been a challenge for us
in this economic environment, but during the fourth quarter,
we were able to generate the highest rate of quarterly loan
growth that we have seen since the middle of 2008. Because
interest income on loans is one of the most significant
components of our total revenue stream, we continue to
work hard to achieve loan growth.
In conjunction with our loan growth, overall loan quality
improved as well. For the year ended December 31, 2012,
the provision for credit losses decreased by $41 million,
or 30.4%, compared to 2011. Non-performing loans
decreased $75.5 million, or 26.3%, over the same period.
E. Philip Wenger
Chairman, President and
Chief Executive Officer
Charles J. Nugent
Senior Executive Vice President/
Chief Financial Officer
James E. Shreiner
Senior Executive Vice President/
Operations and Credit
248118_FFC_Narr_R1.indd 1
3/15/13 8:49 PM
Through the hard work
of our 3,800 employees,
Fulton Financial Corporation
produced solid financial results
and continued to focus on
increasing shareholder value.
Non-interest income is also an important component of
our overall financial performance. Over the last decade,
we have grown this area at a compounded annual growth
rate of over 7%. In 2012, we continued this upward
trend by increasing non-interest income by 16.6% year
over year. Fulton Mortgage Company contributed
significantly to this growth. With the sustained low
interest rate environment in 2012, residential mortgage
refinancing activity was robust throughout the entire
year, contributing to
our ability to generate
more than $44 million
in mortgage banking
revenue.
A Challenging
Operating Environment
The business environment
in which we operate has
changed drastically over
the last several years.
The areas of enterprise
risk management and
compliance have received
increased attention
from the regulatory
agencies with which we work. Virtually every aspect
of the Corporation’s operations is subject to extensive
regulation and, in the current economic, political
and regulatory climate, the Corporation and its bank
subsidiaries are subject to heightened regulatory scrutiny,
especially given our company’s size and complexity.
Implementation of the 2010 Dodd-Frank Act continues.
It requires the development and adoption of many
regulations, a significant number of which have yet to be
finalized.
These additional regulatory requirements have increased
our cost structure and are likely to continue to do so in
the future. We have added staff and worked with outside
consultants to supplement our existing regulatory and
compliance expertise. We will continue to employ a very
disciplined expense management strategy to enable us to
satisfy increased regulatory requirements while working
to grow the company.
Throughout all of last year, we continued to position
the Corporation for future growth and profitability
in what we trust will be a gradual return to a more
normal level of economic activity over the next several
years. We believe the key to our future success lies
in our longstanding commitment to our customers
and in our proven relationship banking strategy. The
promise that we have made to our customers to Care,
Listen, Understand and Deliver is the foundation for
that strategy. Our team
members embrace and
keep that promise. As
a result, over 90% of
our customers tell us
that they are “Extremely
Satisfied” or “Very
Satisfied” with their
experience with us.
Highlights and
Milestones
Organic growth is a
key priority for us,
particularly since the
merger and acquisition
environment remains
relatively quiet. We believe that strategically placed new
branch offices are important as we seek to provide
increased location convenience to our customers.
Last year we opened six branches. Fulton Bank, N.A.
opened two new branches in Pennsylvania: Warrington
in Bucks County and Exton in Chester County. The
Columbia Bank opened two new branches in Anne
Arundel County at Seven Oaks and Waugh Chapel.
Fulton Bank of New Jersey opened two new branches
in the Garden State: Madison in Morris County and
Manahawkin in Ocean County. These new branches,
net of branch consolidations, bring our total number of
branch offices across our five-state market to 267.
We also achieved organic growth by aggressively
seeking core retail checking and small business accounts
throughout the year. Customers were able to receive
a name-brand e-reader after opening an account and
utilizing certain services within a designated time frame.
The deposits provided by this successful promotional
campaign will provide funds to lend back into our
respective communities.
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Customer Experience
The most cost-effective way to grow loans and deposits
occurs when one satisfied customer tells a prospective
customer about the superior experience provided by one of
our team members. That is why we have placed so much
emphasis on delivering the finest personal and professional
banking experience we possibly can to each and every
customer.
Our advertising message, “Listening is Just the Beginning,”
is a reminder of our relationship strategy in the marketplace.
Customers are responding very positively to the commitment
we have made to them. They recommend us to friends and
family and also expand their existing account relationships
because of our careful evaluation and subsequent
recommendations regarding their financial needs.
We remain absolutely convinced that exemplary service is the
most significant differentiator in creating relationship value
for customers and prospective customers.
Our Team
In preparation for becoming Chief Executive Officer of
the Corporation on January 1, 2013, I had the privilege
of meeting with our entire team in a series of “town hall”
meetings during the fall of 2012. These meetings gave me
an opportunity to reinforce my personal commitment to
our customer promise as well as listen to the issues that
are important to our team members. Each year, I have the
privilege of experiencing firsthand the genuine caring our
employees have for their customers and co-workers.
At the meetings, I discussed our core values, our relationship
strategy and our financial performance along with the
challenges and opportunities that lie ahead. I am proud of
our employees and of the many contributions they have
made to this company in the past, and I am more confident
than ever about their ability to move us into the future
successfully.
Craig H. Hill
Senior Executive Vice President/
Human Resources, Corporate Communications
and Administrative Services
Craig A. Roda
Senior Executive Vice President/
Community Banking
Philmer H. Rohrbaugh
Senior Executive Vice President/
Chief Risk Officer
248118_FFC_Narr_R1.indd 3
3/15/13 8:50 PM
In November, Phil Rohrbaugh joined the Corporation’s
senior management team. As Senior Executive Vice
President/Chief Risk Officer, Phil now oversees all
of our risk management activities and ensures that the
organization's operations continue to be conducted in
accordance with ethical business practices, company
policies, and legal and regulatory requirements. We are
confident that Phil’s expertise and previous professional
experience, most recently as managing partner of
KPMG, LLP’s Chicago office, will enhance the activities
we have undertaken to formalize our risk management
program and to expand it to meet the needs of the
rapidly changing financial environment in which we
operate.
Technology Upgrades
Two years ago, we embarked on a multi-year effort
to upgrade our core data processing platform.
This is a very significant project which requires sizable
commitments of both human and financial resources.
In selecting the new platform, we chose to continue our
relationship with Fiserv, Inc., the business provider that
has provided our information technology platform for
several decades. During 2012, we worked with the Fiserv
team to develop and test this core processing technology
for use at our company.
We expect to complete the major phases of this
important project by the end of 2013. We are optimistic
that our new integrated core platform system will enable
us to achieve operational efficiencies and also to benefit
from upgraded sales and sales management capabilities
designed to help us more effectively personalize our
products and services to meet the financial needs of each
individual customer.
Generating and Deploying Capital
Since the beginning of the financial crisis several years
ago, there has been ongoing regulatory dialogue about
the appropriate level of capital that a bank should
maintain. Fulton Financial Corporation's subsidiary
banks currently exceed all regulatory definitions of
“well-capitalized” for Tier 1 risk-based, total risk-based,
and leverage capital ratios. And because of our solid
financial performance, we continue to increase our capital
base. However, the value of having this excess capital is
found in our ability to deploy it profitably on behalf of
our shareholders. We are currently utilizing our capital
in three ways: re-investing into profitable business lines,
repurchasing up to eight million shares of our stock
through June 30 of this year and paying a quarterly cash
dividend, which today is yielding approximately 3%.
We constantly evaluate our capital levels to explore
how we can deploy capital prudently and profitably to
enhance shareholder value.
Corporate Governance
We are experiencing some changes in the composition
of our board of directors. In July 2012, Willem
Kooyker retired. He had served as a Fulton Financial
Corporation director since 2005, and had previously
served as a director of another bank that was acquired
by our company. At our upcoming Annual Shareholders’
Meeting on April 29, three additional directors -- Jeffrey
Albertson, Rufus Fulton, Jr. and Donald Lesher, Jr. -- will
also retire. Each has been a part of our company for
many years, and each has played an important role in
guiding this company. As you may recall, Rufus Fulton
served for many years as our company’s Chairman and
CEO. We will miss them all and thank them for the
insight they have provided during their tenures.
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• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
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2010
2011
2012
Return on Average Common Equity
(tangible)*
2010
2011
2012
2010
2011
2012
Cash Dividends Per Common Share
Net Income Per Common Share (diluted)
* Net income available to common shareholders, adjusted for intangible amortization (net of tax), divided by average common shareholders' equity, net of goodwill and intangible assets.
248118_FFC_Narr_R1.indd 4
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I want to take this opportunity to thank you for your
confidence in our company and for including Fulton
Financial Corporation in your investment strategy.
I can assure you that we are all working hard to provide a
competitive and reasonable total return on your investment
and to position the company appropriately for what is
and will continue to be a more complex and challenging
operating environment.
I hope you will join us for our 2013 Annual Shareholders
Meeting at the Lancaster Marriott at Penn Square in
Lancaster, Pennsylvania on Monday, April 29th at 10:00 a.m.
The audio portion of the meeting will also be available
online. You can listen to the program and view the slides
by visiting the Investor Relations section of our corporate
website at www.fult.com.
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Sincerely,
E. Philip Wenger
E. Philip Wenger
Chairman, President and Chief Executive Officer
In December 2012, two new directors joined the board:
Denise Devine and Ernest Waters. These new directors
have considerable experience in many aspects of business
strategy, finance and organizational management, and we
welcome their perspective and leadership.
Our Priorities for 2013
In an industry that has changed and will continue to change
very rapidly, we continually examine our priorities given
the challenges and opportunities that lie ahead. All seven
of the following priorities are very important, but some
present more significant challenges than others. In the
coming year, we will focus on:
• growing earnings per share;
• growing our loan portfolio;
• improving our asset quality;
• increasing our stable base of core deposits;
• managing the net interest margin;
• managing expenses; and
• increasing our return on assets and equity.
Of the above priorities, we believe the most challenging will
be managing our net interest margin in this unprecedented
low interest rate environment. While deposit interest rates
are low, yields on loans are low as well. We would expect
continued pressure on our net interest margin until we
see an upturn in interest rates, and frankly, that does not
look likely in the near term. However, as a result of the
interest rate environment, our residential mortgage business
completed another banner year in 2012 as customers
continue to refinance their mortgages. Protracted low
interest rates on deposit accounts have also prompted
customers to seek investment and wealth management
alternatives through Fulton Financial Advisors. In 2012,
both of these areas made very important contributions to
our revenue stream.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
FINANCIAL HIGHLIGHTS
AS OF OR FOR THE YEAR ENDED DECEMBER 31
(Dollars in thousands, except per-share data)
Percent Change
BALANCE SHEET DATA
2012
2011
2010
2012/2011
2011/2010
Total assets
Loans, net of unearned income
Deposits
Common shareholders’ equity
$16,528,000
$16,371,000
$16,275,000
12,145,000
12,473,000
2,082,000
11,969,000
12,526,000
1,993,000
11,933,000
12,389,000
1,880,000
PER COMMON SHARE DATA
Net income (diluted)
Common stock cash dividends
Shareholders’ equity (tangible)
$0.80
0.30
7.76
$0.73
0.20
7.24
$0.59
0.12
6.69
1.0%
1.5%
(0.4%)
4.5%
9.6%
50.0%
7.2%
0.6%
0.3%
1.1%
6.0%
23.7%
66.7%
8.2%
248118_FFC_Narr_R1.indd 5
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10 YEARS IN REVIEW
(2003-2012)
20
18
16
14
12
10
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4
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80
60
40
20
0
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1,800
1,600
1,400
1,200
1,000
800
600
400
0
Total Assets
(in billions
of dollars)
Common
Stock Cash
Dividends
(in millions
of dollars)
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Common
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(in billions
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Loans
(in billions
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03 04 05 06 07 08 09 10 11 12
03 04 05 06 07 08 09 10 11 12
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INVESTOR INFORMATION
INVESTOR INFORMATION
STOCK LISTING
GO GREEN!
Would you like to help your company manage expenses? Vote your
Common shares of Fulton Financial Corporation are
shares online or by phone as outlined on the voter instruction form
traded under the symbol “FULT” and are listed in the
enclosed in this proxy packet.
NASDAQ Global Select Market.
CASH DIVIDENDS
The Fulton Financial Corporation Board of Directors
decides whether to declare a quarterly cash dividend
in the third month of each quarter (i.e., March, June,
September and December).
DIVIDEND REINVESTMENT PLAN
AND DIRECT DEPOSIT OF CASH DIVIDENDS
Fulton Financial Corporation offers its shareholders
the convenience of a Dividend Reinvestment and Stock
Would you like to receive your proxy materials sooner? Sign to
materials
receive your materials electronically when you vote your shares
when you vote your
you
online at www.proxyvote.com.
INVESTOR INFORMATION AND DOCUMENTS
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Purchase Plan and direct deposit of cash dividends.
A copy of the Corporation’s Annual Report, Form 10-K, Proxy
Holders of stock may have their quarterly dividends
automatically reinvested in additional shares of the
Statement and other documents filed with the Securities and
Exchange Commision can be viewed on the Corporation’s website at
www.fult.com. In addition, copies of the Form 10-K and Proxy Statement
Corporation’s common stock by utilizing the Dividend
may be obtained without charge to shareholders by writing to:
Reinvestment Plan.
Shareholders participating in the Plan may also make
Corporate Secretary
Fulton Financial Corporation
voluntary cash contributions not to exceed $5,000 per
P.O. Box 4887
month.
Lancaster, PA 17604-4887
In addition, shareholders have the option of having
their cash dividends sent directly to their financial
News, stock information, Corporate presentations and other
information can be found on the Corporation’s website at
institution for deposit into their checking or savings
www.fult.com.
account.
Shareholders may receive information on either the
Dividend Reinvestment Plan and Stock Purchase Plan,
including a plan prospectus, or direct deposit of cash
dividends by writing to:
Stock Transfer Department
Fulton Financial Advisors
P.O. Box 3215
Lancaster, PA 17604-3215
or by calling: 717-291-2546 or toll-free:
1-800-626-0255.
The Annual Meeting of Shareholders of Fulton Financial Corporation
will be held on Monday, April 29, 2013 at 10:00 a.m. at the Lancaster
Marriott at Penn Square in downtown Lancaster, PA.
To make a reservation, please return the Annual Meeting Response
Card you received with your proxy statement. Your reservation will
help ensure that we have adequate seating for all shareholders who
plan to join us that day.
248118_FFC_Narr_R2.indd 7
3/18/13 3:08 PM
SENIOR MANAGEMENT, DIRECTORS
& ADVISORY BOARD MEMBERS
FULTON FINANCIAL
CORPORATION
BOARD OF DIRECTORS
Jeffrey G. Albertson, Esq.
Joe N. Ballard, LTG, US Army (Ret.)
John M. Bond, Jr.
Craig A. Dally
Denise L. Devine
Patrick J. Freer
Rufus A. Fulton, Jr.
George W. Hodges
Donald W. Lesher, Jr.
Albert Morrison III
R. Scott Smith, Jr.
Gary A. Stewart
Ernest J. Waters
E. Philip Wenger
SUBSIDIARY BANK
BOARDS OF DIRECTORS
FULTON BANK, N.A.
Richard J. Ashby, Jr.
Larry D. Bashore
Jennifer Craighead
Steven S. Etter
Carlos E. Graupera
George W. Hodges
Christ G. Kraras
Ronald T. Moore
Curtis J. Myers
A. Richard Pugh
Craig A. Roda
Ivy E. Silver
Elizabeth Addington Twohy
Ernest J. Waters
FULTON BANK, N.A
DIVISIONAL BOARDS
BRANDYWINE DIVISION
Kenneth M. Goddu, Chairman
Robert F. Adams, Esq.
Denise L. Day
Dallas Krapf
James D. McLeod, Jr.
Michael J. O’Rourke
CAPITAL DIVISION
LEBANON VALLEY DIVISION
Robert S. Jones, Chairman
Barry E. Ansel, Chairman
James C. Byerly
Samuel T. Cooper III, Esq.
Charles J. DeHart III, Esq.
Dolores Liptak
Barry E. Musser, C.P.A.
Beth A. Peiffer
Steven C. Wilds
Donald H. Dreibelbis
Randall I. Ebersole
Robert J. Funk
Robert P. Hoffman
Wendie DiMatteo Holsinger
Robert J. Longo
M. Randolph Tice
DELAWARE NATIONAL DIVISION
PREMIER DIVISION
P. Randolph Taylor, Chairman
Joseph R. Feilmeier, Chairman
Jeffrey M. Fried
Heidi Gilmore
Amy A. Higgins
Greg N. Johnson
Terry A. Megee
Ralph W. Simpers
David T. Wilgus
DROVERS DIVISION
Joseph E. Rilatt, Chairman
Vernon L. Bracey
Robert S. Freed
Jevon L. Holland
William S. Shipley III
Gary A. Stewart, Jr.
Christine R. Wardrop
Constance L. Wolf
GREAT VALLEY DIVISION
Jeffrey R. Rush, Chairman
Eric G. Burkey
Marcelino Colon
Michael D. Fromm
William P. Gage
Kathryn G. Goodman
William G. Koch, Sr., C.P.A.
Barry R. Angely
Anthony D. Cino
Rosemary Espanol
Richard Gastineau
Pamela Northrop
Robert Walton
CENTRAL VIRGINIA DIVISION
Oliver Way, Chairman
Robert H. Keiter, C.P.A.
George Keith Martin
Jacques J. Moore, Jr.
Lloyd M. Poe
Robert E. Porter, Jr.
HAMPTON ROADS DIVISION
T. A. Grell, Jr., Chairman
Joanna Brumsey, C.P.A.
Thomas E. Fraim, Jr.
T. Richard Litton
Linda McKee
Timothy J. Stiffler
Joseph D. Taylor
NORTHERN VIRGINIA DIVISION
Oliver Way, Chairman
Thomas Crutchfield, C.P.A.
Ambrish K. Gupta, M.D.
Manuel Ojeda
Mark Wolfe
FULTON FINANCIAL
CORPORATION SENIOR
MANAGEMENT
E. Philip Wenger,
Chairman, President and
Chief Executive Officer
Charles J. Nugent,
Senior Executive
Vice President/
Chief Financial Officer
James E. Shreiner,
Senior Executive
Vice President/
Operations and Credit
Craig H. Hill,
Senior Executive
Vice President/
Human Resources,
Corporate Communications
and Administrative Services
Craig A. Roda,
Senior Executive
Vice President/
Community Banking
Philmer H. Rohrbaugh,
Senior Executive Vice President/
Chief Risk Officer
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248118_FFC_Narr_R1.indd 8
3/15/13 8:51 PM
STATE COLLEGE DIVISION
WEST
FULTON BANK OF NEW JERSEY
John A. Rodgers, Chairman
Tony Legenstine
Allan Darr
Elizabeth A. Dupuis
Jeffrey M. Krauss
FULTON BANK, N.A.
ADVISORY BOARDS
CENTRAL
Ronald L. Miller, C.P.A.
Wilbur G. Rohrer
Paul W. Stauffer
EAST
Galen Eby
R. Douglas Good, Esq.
Richard M. Hurst
Aldus R. King
John D. Yoder
LANCASTER CITY
Clarence E. Darcus
Ron Ford
Jessica H. May
NORTH
Gerald L. Harding
Dean A. Hoover
Louis G. Hurst
Kent M. Martin
NORTHWEST
P. Larry Groff, Sr.
Peter J. Hondru
Kenneth L. Kreider
Robert W. Obetz, Jr.
David W. Sweigart III
J. David Young, Jr., Esq.
Dennis M. Zubler
SOUTH
Frank M. Abel, V.M.D.
John E. Chase
James W. Hostetter, Sr., C.P.A.
Dwight E. Wagner
Eric Nissley
Lynette Trout
AGRICULTURAL ADVISORY BOARD
Harry H. Bachman
Robert Barley
Phoebe R. Bitler
Dennis L. Grumbine
William Hostetter
Amos M. Hursh
Aldus R. King
Jay H. Kopp
Rodney L. Metzler
William D. Robinson
Scott I. Sechler
Kyle Wagner
SWINEFORD NATIONAL BANK
Arthur F. Bowen
Thomas C. Clark, Esq.
Michael N. O’Keefe
William D. Robinson
Michael R. Wimer
Gene D. Zartman
LAFAYETTE AMBASSADOR BANK
Gary A. Clewell
Craig A. Dally
Rocco A. Del Vecchio
Robert E. Gadomski
Sara (Sally) Jane Gammon
Jamie P. Musselman
Gerald A. Nau
John J. Simon
FNB BANK, N.A.
Robert O. Booth
Kenneth A. Holdren
Bryan L. Holmes
James D. Hawkins
Gerald A. Nau
Wendy S. Tripoli
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THE COLUMBIA BANK
DIVISIONAL BOARDS
HAGERSTOWN TRUST DIVISION
Paul N. Crampton, Jr.
Louis J. Giustini
Donald R. Harsh, Jr.
Doris E. Lehman
Paul C. Mellott, Jr.
John A. Scaldara, Jr.
Gregory Snook
Michael S. Zampelli
PEOPLES BANK OF
ELKTON DIVISION
Harry C. Brown
Donald S. Hicks
Robert O. Palsgrove
John A. Scaldara, Jr.
Jeffrey G. Albertson, Esq.
Dennis N. DeSimone
Lawrence M. DiVietro, Jr.
James R. Johnson, Jr.
Warner A. Knobe
Joel A. Kobert
Stephen R. Miller
Denis H. O’Rourke
Antoinette Pergolin
Anthony J. Santye, Jr.
Leslie E. Smith, Jr.
Angela M. Snyder
Mark F. Strauss, Esq.
Norman Worth
FULTON BANK OF NEW JERSEY
DIVISIONAL BOARD
FIRST WASHINGTON DIVISION
Nancy R. Simpers
David K. Williams, Jr.
James R. Johnson, Jr.
Timothy J. Losch
Priscilla Luppke
Leonard Smith
THE COLUMBIA BANK
Joe N. Ballard, LTG, US Army (Ret.)
John M. Bond, Jr.
Robert R. Bowie, Jr.
Garnett Y. Clark, Jr.
Donald R. Harsh
James R. Moxley III
John A. Scaldara, Jr.
Gregory Snook
David K. Williams, Jr.
Elizabeth M. Wright
248118_FFC_Cvr_R2.indd 2
3/21/13 2:29 PM
2012 ANNUAL REPORT
Fulton Financial Corporation
BANKING SUBSIDIARIES:
Fulton Bank, N.A.
Fulton Bank of New Jersey
Swineford National Bank
Lafayette Ambassador Bank
FNB Bank, N.A.
The Columbia Bank
Residential mortgage lending offered through:
Fulton Mortgage Company
Investment management and
planning services offered through:
Fulton Financial Advisors &
Clermont Wealth Strategies
248118_FFC_Cvr_R2.indd 1
3/21/13 2:29 PM
The Columbia Bank • FNB Bank, N.A. • Fulton Bank, N.A.
Fulton Bank of New Jersey • Lafayette Ambassador Bank • Swineford National Bank
The Columbia Bank • FNB Bank, N.A. • Fulton Bank, N.A.
Fulton Bank of New Jersey • Lafayette Ambassador Bank • Swineford National Bank
The Columbia Bank • FNB Bank, N.A. • Fulton Bank, N.A.
Fulton Bank of New Jersey • Lafayette Ambassador Bank • Swineford National Bank