SOURCE: Fulton Financial Corporation

March 27, 2008 13:54 ET

Richard J. Ashby, Jr. Honored as He Retires After 30 Years of Service to Fulton Financial Corporation

LANCASTER, PA--(Marketwire - March 27, 2008) - Fulton Financial Corporation (NASDAQ: FULT) saluted the career and many contributions of Richard J. Ashby, Jr. as he prepares to retire.

Ashby, who is senior executive vice president with Fulton Financial Corporation, announced last fall that he would retire on March 31, 2008 after 30 years with the company.

Ashby will also retire as chairman of Fulton Financial Advisors, the company's investment management, trust services and brokerage subsidiary.

"We are delighted to celebrate this milestone with Rick. His contributions to our company are significant and varied," said R. Scott Smith, Jr., chairman, president and chief executive officer of Fulton Financial Corporation. "He has been a friend, mentor and trusted advisor to me personally for many years. His expertise, particularly in the commercial and trust areas, has benefited our employees and customers alike. We are going to miss him."

Ashby joined Fulton Bank, the company's flagship bank which is based in Lancaster, PA, in 1978 as a vice president/trust officer and over the years, he assumed a variety of positions at the bank before being promoted to a member of senior management in 1985. In 1991, he was asked to serve as president and chief executive officer of Lafayette Ambassador Bank, another subsidiary of Fulton Financial Corporation headquartered in Easton, PA. After moving to the Lehigh Valley and working with the Lafayette Ambassador team for nearly eight years, Ashby returned to Fulton Bank in 1999 as president and chief operating officer. At that time, he was also named executive vice president of Fulton Financial Corporation.

In 2003, Ashby became chairman and CEO of Fulton Bank and he was promoted to senior executive vice president of Fulton Financial Corporation where he headed the organization's newly developed Community Banking Group. In 2006, Ashby became chairman of Fulton Financial Advisors.

Ashby has devoted considerable time to community service in both Lancaster County and in the Lehigh Valley. His most recent community service includes serving as a board member of the Lancaster County Career & Technology Foundation and the Kutztown University Board of Business Advisors. A longtime member of the Pennsylvania Dutch Council of the Boy Scouts of America, he has also been a board member of the United Way, the Fulton Opera House, and the Lancaster Chamber of Commerce and Industry.

Ashby has also been active in several professional organizations, including the Pennsylvania Bankers Association, the Joint State Government Commission's Adivisory Committee on Decedents' Estates Laws. He is a member of The Robert Morris Associates and the Lancaster, Northampton and Pennsylvania Bar Associations.

Contact Information

  • Contact:
    Laura J. Wakeley
    (717) 291-2616

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