Del. bank agrees to merger with Pa. company

WILMINGTON, Del. (AP) - October 2, 2010

The Georgetown-based bank has been an independent affiliate of Fulton Financial, based in Lancaster, Pa., since a 1995 buyout.

Officials say they have agreed to fully merge with the company and take on the Fulton Bank brand. They expect the merger to be completed by the end of this year. The deal is subject to regulatory approval.

Delaware National President P. Randolph Taylor will continue to oversee the Delaware region. The bank has assets of about $466 million and operates a dozen branches in Sussex and New Castle counties.

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Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com

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