{"id":387126,"date":"2020-11-23T16:08:11","date_gmt":"2020-11-23T21:08:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387126"},"modified":"2020-11-23T16:08:11","modified_gmt":"2020-11-23T21:08:11","slug":"fulton-bank-n-a-purchases-the-outstanding-stock-of-benefitworks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fulton-bank-n-a-purchases-the-outstanding-stock-of-benefitworks\/","title":{"rendered":"Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks<\/b><\/p>\n<p>LANCASTER, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT) based in Lancaster, PA, today announced that it has acquired all outstanding stock of BenefitWorks, Inc., a registered investment advisor and retirement services firm in central Pennsylvania. The transaction was completed on November 20, 2020. The terms of the agreement have not been disclosed.\n<\/p>\n<p>\nBenefitWorks is located in Lebanon, PA. The company was founded more than 35 years ago as Trefsgar &amp; Co., later changing its name to BenefitWorks, Inc. in 2007. The firm specializes in investment advisory services and qualified retirement plan recordkeeping for companies, organizations and individuals throughout the mid-Atlantic region. BenefitWorks had approximately $177 million in assets under management or administration as of September 30, 2020. Fulton Bank has approximately $12 billion in assets under management or administration through its wealth and investment management division, Fulton Financial Advisors.\n<\/p>\n<p>\n\u201cThrough our acquisition of BenefitWorks, Fulton will be able to reach and serve a greater number of clients in central Pennsylvania,\u201d said Curtis Myers, Chairman and CEO of Fulton Bank. \u201cWe respect the business that Brooks Trefsgar and his team have built over the past 35 years and we share their focus on providing personalized financial solutions tailored to each unique client. We have been meeting with BenefitWorks\u2019 clients to share what Fulton has to offer: outstanding service, a solid reputation and best-in-class products.\u201d\n<\/p>\n<p>\n\u201cBenefitWorks is excited for our qualified plan clients and our individual investors. Plan sponsors, plan participants and individual investors will all benefit from familiar continued hands-on services and will be the beneficiaries of many Fulton enhancements,\u201d said Brooks Trefsgar, President of BenefitWorks.\n<\/p>\n<p>\nBenefitWorks will initially continue to operate as a separate subsidiary of Fulton Bank and, over the next several quarters, BenefitWorks clients will be transitioned to the Fulton Financial Advisors platform.\n<\/p>\n<p>\nFor more information about Fulton Bank, N.A. or its wealth and investment management division, Fulton Financial Advisors, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fultonbank.com&amp;esheet=52335489&amp;newsitemid=20201123006250&amp;lan=en-US&amp;anchor=www.fultonbank.com&amp;index=1&amp;md5=866ee8dd3a434176fd8d10cfdb3e44d4\">www.fultonbank.com<\/a> or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fultonfinancialadvisors.com&amp;esheet=52335489&amp;newsitemid=20201123006250&amp;lan=en-US&amp;anchor=www.fultonfinancialadvisors.com&amp;index=2&amp;md5=68b45745d786045a8c413984f16cf2d4\">www.fultonfinancialadvisors.com<\/a>.\n<\/p>\n<p>\nSecurities and Insurance products are not a deposit or other obligation of, or guaranteed by Fulton Bank or any affiliate of the bank; are not insured by the FDIC or any other state or federal government agency, the bank or an affiliate of the bank; and are subject to investment risk, including the possible loss of value.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201123006250r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201123006250\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201123006250\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact: Laura J. Wakeley, 717-291-2616<br \/>\n<\/b><br \/><b>Investor Contact: Mark McCollom, 717-327-2567<\/b><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201123006250\/en\/563017\/3\/Logo_Color_FFC_jpg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks LANCASTER, Pa.&#8211;(BUSINESS WIRE)&#8211; Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT) based in Lancaster, PA, today announced that it has acquired all outstanding stock of BenefitWorks, Inc., a registered investment advisor and retirement services firm in central Pennsylvania. The transaction was completed on November 20, 2020. The terms of the agreement have not been disclosed. BenefitWorks is located in Lebanon, PA. The company was founded more than 35 years ago as Trefsgar &amp; Co., later changing its name to BenefitWorks, Inc. in 2007. The firm specializes in investment advisory services and qualified retirement plan recordkeeping for companies, organizations and individuals throughout the mid-Atlantic region. BenefitWorks had approximately $177 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fulton-bank-n-a-purchases-the-outstanding-stock-of-benefitworks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387126","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fulton-bank-n-a-purchases-the-outstanding-stock-of-benefitworks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fulton Bank, N.A. Purchases the Outstanding Stock of BenefitWorks LANCASTER, Pa.&#8211;(BUSINESS WIRE)&#8211; Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT) based in Lancaster, PA, today announced that it has acquired all outstanding stock of BenefitWorks, Inc., a registered investment advisor and retirement services firm in central Pennsylvania. The transaction was completed on November 20, 2020. The terms of the agreement have not been disclosed. BenefitWorks is located in Lebanon, PA. The company was founded more than 35 years ago as Trefsgar &amp; Co., later changing its name to BenefitWorks, Inc. in 2007. The firm specializes in investment advisory services and qualified retirement plan recordkeeping for companies, organizations and individuals throughout the mid-Atlantic region. BenefitWorks had approximately $177 &hellip; Continue reading &quot;Fulton Bank, N.A. 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