Facebook LinkedIn Twitter Vimeo RSS

Fulton Financial announces share repurchase program

By , - Last modified: January 3, 2013 at 11:14 AM

Fulton Financial Corp.'s board has authorized a six-month share repurchase program, the Lancaster-based bank holding company said today

Fulton’s board approved the repurchase of up to 8 million shares, about 4 percent of the company’s 199 million outstanding shares, between now and June 30, the firm said in a statement.

The program succeeds Fulton’s previous repurchase program, which ran from June through the end of last year. Under that program, the board authorized Fulton to repurchase up to 5 million shares, or about 2.5 percent of its outstanding stock.

However, Fulton said it was constrained by “customary restrictions” related to its sale of the Global Exchange Group and to quarterly earnings announcements. Fulton ultimately repurchased 2.1 million shares under the 2012 program, the company said.

Fulton, the parent of Fulton Bank and other community banks, operates more than 270 branches in five states. Its shares trade on the Nasdaq under the ticker symbol FULT.


More From This Industry

Write to the Editorial Department at editorial@cpbj.com

Related Stories

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy