{"schema_version":"secwatch.filing_event.v1","accession":"0000700564-24-000038","form_type":"8-K","ticker":"FULT","cik":"0000700564","company_name":"FULTON FINANCIAL CORP","filed_at":"2024-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.628827+00:00","generated_at":"2026-05-31T19:56:33.024875+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Fulton Bank to close 13 branches, incur $10M exit costs, expects $8M annual savings","bullets":["Board approved closing 13 financial centers in PA and NJ; expected on/about Nov 22, 2024.","Pre-tax costs of ~$10M: $6M premises/equipment write-offs, $3M lease terminations, $1M severance.","Costs recognized in Q3 2024; annual pre-tax expense savings of ~$8M starting Q1 2025.","Part of Republic First Bank integration (acquired April 26, 2024) and FultonFirst strategic initiative.","Tickers referenced: FULT (common stock) and FULTP (preferred stock)."],"urls":{"canonical":"https://secwatch.observer/filing/0000700564-24-000038","json":"https://secwatch.observer/filing/0000700564-24-000038.json","markdown":"https://secwatch.observer/filing/0000700564-24-000038.md","text":"https://secwatch.observer/filing/0000700564-24-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/700564/000070056424000038/0000700564-24-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/700564/000070056424000038/fult-20240718.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:56:33.024875+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"36bb4501f19c983bfde35cb2db463506999bd63b","claim":"FULTON FINANCIAL CORP announced a restructuring with charges of approximately $10 million affecting Pennsylvania and New Jersey.","evidence_excerpt":"the Corporation expects to incur pre-tax costs of approximately $10 million, consisting of approximately $6 million of write-offs of premises and equipment and related expenses, approximately $3 million of lease termination charges, and approximately $1 million of future cash expenditures in connection with employee severance","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/700564/000070056424000038/0000700564-24-000038-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $10 million"},{"label":"Affected area","value":"Pennsylvania and New Jersey"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}