
Fulton Bank's search for a new CFO has come to an end, and the bank has announced the appointment of a seasoned financial executive to the role.
This new CFO brings over 20 years of experience in the financial industry, with a proven track record of success in financial planning, budgeting, and risk management.
The executive's background in finance is a perfect fit for Fulton Bank's growth strategy, which involves expanding its services and increasing its presence in the market.
With this appointment, Fulton Bank is poised to continue its growth trajectory and solidify its position as a leading financial institution in the region.
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Fulton Financial Appoints New CFO
Fulton Financial has appointed a new CFO, Richard Kraemer, who comes from Valley National.
Richard Kraemer brings a wealth of experience to the role, having previously worked at Valley National.
Fulton Financial made the announcement about Kraemer's appointment, marking a significant change in the company's leadership.
Kraemer's background in finance will undoubtedly be an asset to Fulton Financial as it navigates the ever-changing banking landscape.
The appointment of a new CFO is a crucial step for any company, and Fulton Financial is no exception.
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Fulton Financial Hires New CFO
Fulton Financial has made a significant change in its leadership team by hiring Richard Kraemer as its new Chief Financial Officer (CFO).
Richard Kraemer comes from Valley National, where he previously held a key position.
This move is a strategic step for Fulton Financial, bringing in a seasoned professional to oversee the company's financial operations.
Fulton Financial's decision to hire a new CFO is a sign of the company's commitment to growth and stability.
Richard Kraemer's experience at Valley National will undoubtedly be beneficial to Fulton Financial as it navigates the ever-changing banking landscape.
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Frequently Asked Questions
Is Fulton Bank financially stable?
Fulton Bank has demonstrated solid earnings in recent periods, with a strong net income of $284.3 million in 2023. Its financial stability is evident in its operating performance, with a low operating ROAA of 1.00% and a respectable ROAE of 13.08% in 1Q24.
Who is Fulton Bank owned by?
Fulton Bank is owned by Fulton Financial Corporation, a $30 billion financial services holding company. This affiliation allows Fulton Bank to offer a wide range of financial products and services across multiple states.
Sources
- https://www.bankingdive.com/news/fulton-rick-kraemer-cfo-valley-bank-republic-first-chivinski-mccollom/722612/
- https://www.stocktitan.net/news/FULT/fulton-financial-corporation-names-rick-kraemer-as-chief-financial-ls9qtg89j83m.html
- https://www.stocktitan.net/news/FULT/fulton-financial-corporation-names-rick-kraemer-as-chief-financial-tc6ey2lzqpth.html
- https://www.americanbanker.com/list/fulton-financial-hires-new-cfo-ubs-senior-exec-leaves-firm
- https://lvb.com/fulton-financial-corp-names-executive-vp-cfo/
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