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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20459
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report: September 20, 2000
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Date of earliest event reported: August 31, 2000
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Commission File No. 0-10587
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FULTON FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 23-2195389
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Penn Square, P.O. Box 4887 Lancaster, Pennsylvania 17604
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(Address of principal executive offices) (Zip Code)
(717) 291-2411
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(Registrant's telephone number, including area code)
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Item 5. Other Events
The attached unaudited financial information reflects the results of operations
of Fulton Financial Corporation ("FFC") for the one month period following the
acquisition of Skylands Financial Corporation. This information should be read
in conjunction with the financial statements and footnotes to financial
statements of FFC, included in Items 8 and 14 of FFC's Annual Report on Form
10-K for the fiscal year ended December 31, 1999, which is hereby incorporated
by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Financial Statements of FFC as of and for the three years ended
December 31, 1998. (Incorporated by reference to Items 8 and 14 of
FFC's Annual Report on Form 10-K for the fiscal year ended December
31, 1999).
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FULTON FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)
MONTH ENDED AUGUST 31, 2000
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(Dollars in thousands, except per-share data)
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INTEREST INCOME
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Loans, including fees ................................................... $ 34,174
Investment securities:
Taxable ............................................................ 4,862
Tax-exempt ......................................................... 721
Dividends .......................................................... 418
Other interest income ................................................... 42
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Total Interest Income .................................. 40,217
INTEREST EXPENSE
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Deposits ................................................................ 14,670
Short-term borrowings ................................................... 2,586
Long-term debt .......................................................... 1,307
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Total Interest Expense ................................. 18,563
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Net Interest Income .................................... 21,654
PROVISION FOR LOAN LOSSES ............................................... 735
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Net Interest Income After Provision for Loan Losses .... 20,919
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OTHER INCOME
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Investment management and trust services................................. 1,694
Service charges on deposit accounts ..................................... 2,121
Other service charges and fees .......................................... 1,089
Mortgage banking income ................................................. 268
Investment securities gains ............................................. 787
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5,959
OTHER EXPENSES
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Salaries and employee benefits .......................................... 8,300
Net occupancy expense ................................................... 1,211
Equipment expense ....................................................... 858
Special services ........................................................ 947
Other ................................................................... 3,108
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14,424
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Income Before Income Taxes ............................. 12,454
INCOME TAXES............................................................. 3,717
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Net Income ............................................. $ 8,737
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PER-SHARE DATA:
Net income (basic)....................................................... $ 0.12
Net income (diluted)..................................................... $ 0.12
Cash dividends .......................................................... $ -
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See notes to consolidated financial statements
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, Fulton
Financial Corporation has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
FULTON FINANCIAL CORPORATION
By: /s/ Rufus A. Fulton, Jr.
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Rufus A. Fulton, Jr.
President and Chief Executive Officer
Date: September 20, 2000
