---
schema_version: "secwatch.filing_event.v1"
accession: "0000700564-24-000025"
form_type: "8-K"
ticker: "FULT"
cik: "0000700564"
company_name: "FULTON FINANCIAL CORP"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:49:40.938880+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fulton sells 40 branches for $55.4M to Blue Owl, leases back 15 yrs; restructures $345M securities

## Summary
- Sold 40 financial center locations to Blue Owl affiliates for $55.4M in cash.
- Properties in PA, NJ, DE, MD; leaseback for initial 15 years with renewal options.
- Initial annual rent ~$4.4M; base rent escalates 2.25% annually after year one.
- Expects pretax gain of ~$20.4M on sale, offset by pretax loss of ~$20.4M from securities restructuring.
- Sold ~$345M in AFS securities and reinvested in higher-yielding securities of similar type/duration.

## SEC filing metadata
- accession: 0000700564-24-000025
- form_type: 8-K
- ticker: FULT
- cik: 0000700564
- company_name: FULTON FINANCIAL CORP
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700564/000070056424000025/0000700564-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700564/000070056424000025/fult-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700564-24-000025
- JSON: https://secwatch.observer/filing/0000700564-24-000025.json
- Plain text: https://secwatch.observer/filing/0000700564-24-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.