DBRS Announces Ratings Actions to Reflect Fulton Financial Corporation’s Charter Consolidation

DBRS has today taken several rating actions following the consolidation of a Fulton Financial Corporation (Fulton or the Company) banking subsidiary, The Peoples Bank of Elkton, into another banking subsidiary, The Columbia Bank.

On August 15, 2009, The Peoples Bank of Elkton merged into The Columbia Bank to improve operating and marketing efficiencies. Fulton will continue to rely on local leadership to maintain personalized relationships with customers. As a result of the consolidation, DBRS has discontinued the Deposits & Senior Debt and Short-Term Instruments ratings of The Peoples Bank of Elkton. The Company’s (Issuer & Senior Debt of A (low)) and The Columbia Bank’s (Deposits & Senior Debt of ‘A’) ratings remain unchanged. The trend on all ratings remains Stable.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are Rating Banks and Bank Holding Companies Operating in the United States, and Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments which can be found on our website under Methodologies.

This is a Corporate (Financial Institutions) rating.