M&A Deal Summary

Fulton Bank Acquires Ambassador Bank

On January 27, 1998, Fulton Bank acquired financial services company Ambassador Bank

Acquisition Highlights
  • This is Fulton Bank’s 2nd transaction in the Financial Services sector.
  • This is Fulton Bank’s 2nd transaction in the United States.
  • This is Fulton Bank’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 1998-01-27
Target Ambassador Bank
Sector Financial Services
Buyer(s) Fulton Bank
Deal Type Add-on Acquisition

Target

Ambassador Bank

Allentown, Pennsylvania, United States
Ambassador Bank, is a a commercial and consumer bank.

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Buyer(S) 1

Buyer

Fulton Bank

Lancaster, Pennsylvania, United States
Category Company
Founded 1882
Sector Financial Services
Employees3,400
Revenue 1.1B USD (2023)
DESCRIPTION

Fulton Bank provides a wide range of financial products and personalized services in Pennsylvania, Maryland, Delaware, Virginia and New Jersey. Fulton Bank was incorporated in 1882 and is based in Lancaster, Pennsylvania.

DEAL STATS #
Overall 2 of 8
Sector (Financial Services) 2 of 8
Type (Add-on Acquisition) 2 of 8
State (Pennsylvania) 2 of 5
Country (United States) 2 of 8
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-08-16 Keystone Heritage Group

Lebanon, Pennsylvania, United States

Keystone Heritage Group, Inc., provides banking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-27 Drovers Bancshares

York, Pennsylvania, United States

Drovers Bancshares Corp., provides banking services.

Buy $144M
Mergr

Product

Company

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