LANCASTER — Fulton Bank, a subsidiary of Fulton Financial Corp. was recently recognized by Operation HOPE providing nearly $1 billion in loans to low- and moderate-income homebuyers. Since 2016 Fulton has made low- to moderate income loans through its partnership with Operation HOPE.
Operation HOPE is a non-profit focused on financial literacy and economic inclusion. Fulton Bank participates in the Closing Cost Assistance Program, which provides grants to buyers to help with the up-front costs of purchasing a home, according to a press release.
Fulton also sponsors Operation HOPE financial wellness coaches in six cities throughout the bank’s geographic footprint — that includes Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. The coaches provide free education to consumers, focusing on improving their credit and preparing them for the financial aspects of home ownership.
Fulton Bank has helped generate more than $968 million in loans to more than 5,700 homebuyers under the Closing Cost Assistance Program. That total is expected to surpass $1 billion this year, according to the financial institution. Fulton’s involvement has also included more than $8 million in grants for low and moderate-income buyers.
“Fulton Bank’s purpose is to change lives for the better, and one of the best ways we can do that is by helping people achieve the dream of homeownership,” William “Smokey” Glover, executive vice president and director of fair and responsible banking for Fulton Bank, said in a statement. He added that the collaboration with Operation HOPE “enables us to provide valuable financial education along with financing,” which are both critical to set homebuyers on “a path to success.”
Fulton Bank is headquartered in Lancaster, and operates more than 200 financial centers and specialty offices throughout its service area, including Berks, Chester and Montgomery counties.
Operation HOPE recognized Fulton Bank for its ongoing collaboration at the ninth annual HOPE Global Forums in Atlanta in December.
“We’re pleased to partner with organizations like Fulton Bank that understand the importance of home ownership in empowering our communities,” John Hope Bryant, founder, chairman and CEO of Operation HOPE, said in a statement.
For more information about Operation HOPE visit OperationHOPE.org.