SVB Financial Services, Inc. Shareholders Approve Merger With Fulton Financial Corporation
2005年6月10日 - 5:20AM
PRニュース・ワイアー (英語)
SVB Financial Services, Inc. Shareholders Approve Merger With
Fulton Financial Corporation LANCASTER, Pa., June 9
/PRNewswire-FirstCall/ -- SVB Financial Services, Inc. shareholders
today approved the acquisition of SVB Financial Services, Inc.
(NASDAQ:SVBF) by Fulton Financial Corporation (NASDAQ:FULT), an
$11.4 billion financial holding company based in Lancaster, PA. The
vote at a special shareholders' meeting today clears the way for
the merger to proceed. The merger is now expected to be completed
on July 1, 2005. SVB Financial Services, Inc. is the holding
company for Somerset Valley Bank, which is based in Somerville, NJ.
The company has approximately $511 million in assets and currently
operates eleven community banking offices in Somerset, Hunterdon
and Middlesex Counties in New Jersey. Somerset Valley Bank will
become Fulton Financial's 14th banking affiliate and will continue
to operate as Somerset Valley Bank. Fulton Financial Corporation is
a financial holding company that operates 221 banking offices in
Pennsylvania, Maryland, Delaware, New Jersey and Virginia through
the following affiliates: Fulton Bank, Lancaster, PA; Lebanon
Valley Farmers Bank, Lebanon, PA; Swineford National Bank,
Middleburg, PA; Lafayette Ambassador Bank, Easton, PA; FNB Bank,
N.A., Danville, PA; Hagerstown Trust, Hagerstown, MD; Delaware
National Bank, Georgetown, DE; The Bank, Woodbury, NJ; Peoples Bank
of Elkton, Elkton, MD; Skylands Community Bank, Hackettstown, NJ;
Premier Bank, Doylestown, PA; Resource Bank, Virginia Beach, VA;
and First Washington State Bank, Windsor, NJ. The Corporation's
other financial services providers include Fulton Financial
Advisors, N.A., Lancaster, PA; Fulton Insurance Services Group,
Inc., Lancaster, PA; and Dearden, Maguire, Weaver and Barrett, LLC,
West Conshohocken, PA. Residential mortgage lending is offered by
all banks through Fulton Mortgage Company and Resource Mortgage.
Additional information on Fulton Financial Corporation is available
on the Internet at http://www.fult.com/. DATASOURCE: Fulton
Financial Corporation CONTACT: Laura Wakeley, Fulton,
+1-717-291-2739; or Keith McCarthy, SVB Financial Services, Inc.,
+1-908-541-9500 x305 Web site: http://www.fult.com/
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