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Our offices will be closed on Monday, May 26, in observance of Memorial Day. Thank you to all those who have served and sacrificed for our country.Fulton Bank Invests Nearly $1 Million to Fund New Jersey Neighborhood Revitalization Efforts for Fourth Consecutive Year
Grants will benefit the Atlantic County Economic Alliance.
LANCASTER, Pa. (May 21, 2025) – Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), has awarded $950,000 in grants to the Atlantic County Economic Alliance (ACEA), as part of the New Jersey Department of Community Affairs (DCA) Neighborhood Revitalization Tax Credit (NRTC) program.
Fulton’s investment will support the Ducktown Community Development Corporation (Ducktown CDC) and the ACEA’s efforts to revitalize the Ducktown and Venice Park neighborhoods in Atlantic City by investing in housing, business development, and community improvements. Specific initiatives include a home-buying assistance program to help residents achieve homeownership along with business microgrants and professional development opportunities to support local entrepreneurs and small businesses.
“Fulton Bank is proud to provide this grant to revitalize Ducktown and Venice Park,” said Wendy Bartlett, SVP/Senior Commercial Relationship Manager at Fulton Bank and a member of the board of trustees for ACEA. “Investing in these neighborhoods aligns with our commitment to strengthening local communities, and we’re excited to see the positive impact this funding will have in creating opportunities for homeownership, business development, and neighborhood improvements.”
"Fulton Bank has played a key role in the revitalization of the Ducktown neighborhood for several years,” said Michael Cagno, President of the Ducktown Community Development Corporation. “We share Fulton Bank’s commitment to improving homes, supporting small businesses, and enhancing the overall look and feel of our local communities. With their support, we can continue to celebrate and grow the cultural and economic identity for both neighborhoods, making them better places to live, work, and visit.”
The NRTC program affords businesses a 100% tax credit for funds provided to nonprofit entities carrying out comprehensive revitalization plans. Learn more about the tax credits available to businesses in New Jersey through the NRTC program at NJ.gov.
In the photo, left to right, are Michael Cagno, President, Ducktown CDC; Lauren Moore, President, ACEA; Wendy Bartlett, SVP, Senior Commercial Relationship Manager, Fulton Bank; Joe Tredinnick, Market President, Fulton Bank; and Andy Agger, SVP, Middle Market Banking Executive, Fulton Bank.
About the Atlantic County Economic Alliance
The Atlantic County Economic Alliance is a private sector-directed, nonprofit economic development corporation that was established in 2017 for business attraction, retention, and marketing efforts in Atlantic County. The ACEA’s core focus areas are building a robust business retention program, marketing competitive assets to drive industry diversification, relationship building to attract new companies, and creating partnerships to recruit, retain, and promote a qualified workforce. Visit www.aceanj.com or call 609-245-0019 for more information.
About Fulton Bank
Headquartered in Lancaster, Pa., Fulton Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Fulton Financial Corporation (Nasdaq: FULT), a more than $30 billion financial services holding company, Fulton Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. At Fulton Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,400 employees to do the same. Through the Fulton Forward® initiative, we’re helping build vibrant communities.
