trending Market Intelligence /marketintelligence/en/news-insights/trending/80SyaIzndx6mDKKlg7QVWQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fulton Bank to buy wealth management business of Forney Financial Solutions

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Fulton Bank to buy wealth management business of Forney Financial Solutions

Lancaster, Pa.-based Fulton Bank NA has agreed to buy the wealth management business of Altoona, Pa.-based Forney Financial Solutions LLC in a move to broaden its client reach in central Pennsylvania.

Forney has approximately $250 million in assets under management or administration, while Fulton Bank has approximately $11 billion in AUM.

Terms of the deal were not disclosed.

Fulton Financial Corp., the parent of Fulton Bank, had earlier announced that it intended to look at bank and nonbank acquisition opportunities once it was freed from all regulatory consent orders over Bank Secrecy Act and Anti-Money Laundering compliance.

This transaction is expected to close early in the first quarter.