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Exhibit 99.2
[SKYLANDS FINANCIAL CORPORATION LETTERHEAD]
June 16, 2000
Dear Shareholder:
You are cordially invited to the annual meeting of shareholders of Skylands
Financial Corporation to be held on Monday, July 17, 2000, at 6:00 p.m., at
Panther Valley Golf and Country Club, Route 517, Allamuchy Township, New Jersey.
The Board of Directors of Skylands Financial Corporation and Fulton
Financial Corporation have approved an agreement and plan of merger providing
for the acquisition of Skylands by Fulton Financial through a merger. In the
merger, Skylands shareholders will receive .819 shares of Fulton Financial
common stock for each share of Skylands common stock that they hold. Skylands
shareholders generally will not recognize federal income tax gain or loss for
the Fulton Financial common stock that they receive. The attached proxy
statement/prospectus provides you with detailed information about the proposed
merger. I encourage Skylands shareholders to read this entire document
carefully.
At the annual meeting, shareholders of Skylands will be asked to vote on a
proposal to approve the merger agreement and to elect eleven directors to
Skylands' Board of Directors. The merger cannot be completed unless the holders
of a majority of the votes cast at the annual meeting to approve the merger
agreement. Thus, your vote is very important. Skylands' Board of Directors
strongly supports this combination of Skylands and Fulton Financial and
enthusiastically recommends that you vote in favor of the merger. Whether or
not you plan to attend the meeting, please take the time to vote by completing
and mailing the enclosed proxy card to Skylands. If you sign, date and mail
your proxy card without indicating how you wish to vote, your proxy will be
counted as a vote in favor of the nominees for director and the merger
agreement.
Sincerely,
/s/ Michael Halpin
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Michael Halpin, President
