LANCASTER, Pa. - Fulton Financial Corp. said Robert D. Garner would step down as chief executive officer at yearend and be succeeded by Rufus A. Fulton Jr., who has been president since 1987.
Mr. Garner, in banking for 40 years and Fulton's chief executive for the past 10 years, will continue as chairman.
Under Mr. Garner, Fulton grew from a $545 million bank with 22 offices in three counties to a $2 billion-asset holding company with six banking affiliates and 68 offices in 10 counties.
Rufus Fulton started his banking career at Fulton Financial in 1966.
Fulton Financial's six banking affiliates are Fulton Bank, Farmers Trust Bank, Swineford National Bank, Lafayette Bank, First National Bank of Danville, and Great Valley Savings Bank.