---
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"
generated_at: "2026-05-31T19:56:33.024875+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fulton Bank to close 13 branches, incur $10M exit costs, expects $8M annual savings

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000700564-24-000038
- JSON: https://secwatch.observer/filing/0000700564-24-000038.json
- Plain text: https://secwatch.observer/filing/0000700564-24-000038.txt

## Key facts
- Restructurings & Charges
  FULTON FINANCIAL CORP announced a restructuring with charges of approximately $10 million affecting Pennsylvania and New Jersey.
  - Type: restructuring
  - Charge: approximately $10 million
  - Affected area: Pennsylvania and New Jersey
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/700564/000070056424000038/0000700564-24-000038-index.htm

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