City of York Partners with Fulton Bank to Revitalize City and Deliver Affordable Housing to City Employees

YORK, Pa.–(BUSINESS WIRE)– During a press conference held today at York City Hall, Mayor C. Kim Bracey announced a partnership between the City of York, PA and Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT). The partnership will provide mortgage assistance to city employees, along with special banking benefits.

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As part of the partnership, city employees will have access to Fulton’s Homebuyer Advantage Plus^® Mortgage program for the purchase of a primary residence. The program offers competitive interest rates and allows qualified homebuyers to finance 97 percent of the home, receive up to 6 percent in seller assistance, and allows them to be exempted from the Private Mortgage Insurance (PMI) requirement.

For income-eligible individuals, the program also can be combined with other down payment and closing cost assistance, such as the Closing Cost Assistance Program, administered by Operation HOPE, which offers eligible homebuyers up to $2,500 toward closing costs.

Both the Homebuyers Advantage Plus^® Mortgage program and Closing Cost Assistance Program are part of the Fulton Forward^TM initiative, which helps to advance underserved communities by promoting affordable housing, financial literacy, and economic development in low- to moderate-income communities.

“A home is the largest purchase most people will make, and when you in invest in a home, you are also investing in the community where that home is located,” said Craig Roda, chairman and CEO of Fulton Bank. “We’re proud to partner with the City of York to support homeownership and community revitalization. Our goal is to help city employees realize the dream of homeownership in this great city. We’re also pleased to offer a menu of additional banking benefits for city employees who bank with Fulton.”

In addition to mortgage benefits, because the City of York is a Fulton customer, its employees will have access to Fulton’s TEAM Advantage Banking Program. Some of the highlights of this program include:

• No minimum balance interest checking account
• Online banking and bill pay
• Visa Bonus Rewards Card
• Discounts on personal checks and safe deposit boxes

Another benefit of the TEAM program is a ¼ percent mortgage loan settlement credit of up to $1,000 toward settlement charges at home closing.

“I am grateful for our partnership with Fulton Bank, which helps provide the opportunity for our City of York employees to gain an important piece of the American Dream: homeownership. This collaboration underscores the appreciation and value that we place on our employees for consistently ensuring that the City of York is run effectively and efficiently,” stated Mayor Bracey.

Fulton Bank, N.A. Member FDIC. Equal Housing Lender. Subject to credit approval. Closing cost assistance program is administered by Operation HOPE, a 501(c)3 non-profit organization, in collaboration with Fulton Mortgage Company. Any financial assistance received from Operation HOPE may qualify for Federal income tax purposes as a nontaxable gift. Please refer to IRS Publication 525 for further guidance. Fulton Mortgage Company, Fulton Bank, N.A., and other subsidiaries of Fulton Financial Corporation are not affiliated with Operation HOPE nor City of York.

Fulton Bank is one of six subsidiary banks of Fulton Financial Corporation, a $19 billion financial holding company headquartered in Lancaster, PA. Fulton Bank operates more than 100 branches throughout Pennsylvania, Delaware and Virginia. The Fulton Forward^TM program promotes affordable housing, education and financial literacy, and economic development in low- to moderate-income communities.

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Fulton Bank

Nicole Wamsley, 717-291-2831

nwamsley@fult.com

Source: Fulton Bank