Fulton Financial Announces Launch of Common Stock Offering
April 29 2024 - 6:27AM
Business Wire
Fulton Financial Corporation (NASDAQ: FULT) (the “Corporation”)
today announced that it commenced an underwritten public offering
of shares of its common stock. The Corporation expects to grant the
underwriters a 30-day option to purchase additional shares of its
common stock.
Piper Sandler and BofA Securities are acting as joint
book-running managers for the offering.
The Corporation intends to use the net proceeds of the offering
for general corporate purposes, including to support new
opportunities in connection with its business strategy following
its previously announced acquisition of substantially all of the
assets and its assumption of substantially all of the deposits and
certain liabilities of Republic First Bank, doing business as
Republic Bank, from the Federal Deposit Insurance Corporation.
The offering is being made only by means of a prospectus
supplement and accompanying base prospectus. The Corporation has
filed a registration statement on Form S-3 (File No. 333-274624),
and a preliminary prospectus supplement to the prospectus contained
in the registration statement with the U.S. Securities and Exchange
Commission (the “SEC”) for the shares of common stock to which this
communication relates and intends to file a final prospectus
supplement relating to the shares of common stock. Prospective
investors should read the preliminary prospectus supplement and
accompanying base prospectus in the registration statement and
other documents the Corporation has filed or will file with the SEC
for more complete information about the Corporation and the
offering. You may obtain these documents for free by visiting EDGAR
on the SEC’s website at http://www.sec.gov. Electronic copies of
the preliminary prospectus supplement and the accompanying base
prospectus may be obtained by contacting Piper Sandler, 800
Nicollet Mall, J12S03, Minneapolis, MN 55402, Attention: Prospectus
Department, or by telephone at (800) 747-3924 or email at
prospectus@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 a solicitation of an offer to
buy the securities, nor shall there be any sale of the securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The securities being offered have not been approved or disapproved
by any regulatory authority, nor has any such authority passed upon
the accuracy or adequacy of the prospectus supplement or the shelf
registration statement or prospectus relating thereto.
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, N.A.
Safe Harbor Statement
This press release contains forward-looking statements.
Forward-looking statements can be identified by the use of words
such as “may,” “should,” “will,” “could,” “estimates,” “predicts,”
“potential,” “continue,” “anticipates,” “believes,” “plans,”
“expects,” “future,” “intends,” “projects,” the negative of these
terms and other comparable terminology.
Forward-looking statements are neither historical facts, nor
assurance of future performance. Instead, the statements are based
on current beliefs, expectations and assumptions regarding the
future of the Corporation’s 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 and many of
which are outside of the Corporation’s control, and actual results
and financial condition may differ materially from those indicated
in the forward-looking statements. Therefore, you should not unduly
rely on any of these forward-looking statements. Any
forward-looking statement is based only on information currently
available and speaks only as of the date when made. The Corporation
undertakes no obligation, other than as required by law, to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
A discussion of certain risks and uncertainties affecting the
Corporation, and some of the factors that could cause the
Corporation's actual results to differ materially from those
described in the forward-looking statements, can be found in the
sections entitled “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in the
Corporation’s Annual Report on Form 10-K for the year ended
December 31, 2023 and other current and periodic reports, which
have been, or will be, filed with the Securities and Exchange
Commission (the “SEC”) and are, or will be, available on the SEC's
website (www.sec.gov).
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version on businesswire.com: https://www.businesswire.com/news/home/20240429963964/en/
Media Contact: Lacey Dean, 717-735-8688
Investor Contact: Matt Jozwiak, 717-327-2567
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