M&A Deal Summary

Fulton Bank Acquires Resource Bankshares

On August 26, 2003, Fulton Bank acquired financial services company Resource Bankshares for 196M USD

Acquisition Highlights
  • This is Fulton Bank’s 4th transaction in the Financial Services sector.
  • This is Fulton Bank’s largest (disclosed) transaction.
  • This is Fulton Bank’s 4th transaction in the United States.
  • This is Fulton Bank’s 1st transaction in Virginia.

M&A Deal Summary
Date 2003-08-26
Target Resource Bankshares
Sector Financial Services
Buyer(s) Fulton Bank
Deal Type Add-on Acquisition
Deal Value 196M USD

Target

Resource Bankshares

Virginia Beach, Virginia, United States
Resource Bankshares Corp., is a chartered, regional commercial bank. Resource Bank offers competitive on-line banking products through our eBranch, as well as traditional services such as personal and commercial checking and savings accounts, certificates of deposit, money market accounts and a full range of consumer and commercial loan products.

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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 4 of 8
Sector (Financial Services) 4 of 8
Type (Add-on Acquisition) 4 of 8
State (Virginia) 1 of 1
Country (United States) 4 of 8
Year (2003) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-27 Drovers Bancshares

York, Pennsylvania, United States

Drovers Bancshares Corp., provides banking services.

Buy $144M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-14 First Washington Financial

Windsor, New Jersey, United States

First Washington Financial Corp., is a provider of financial services.

Buy $124M
Mergr

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