Fulton Financial Corporation · NASDAQ:FULT
Fulton Financial — Merger or Acquisition (July 2005)
13 slides from Fulton Financial's merger presentation, Jul 27, 2005
Slide 1: Fulton Financial Corporation acquisition of Columbia Bancorp
Fulton Financial Corporation (NASDAQ: FULT) Lancaster, PA acquisition of Columbia Bancorp (NASDAQ: CBMD) Columbia, MD July 26, 2005 Summary of Proposed Transaction and Strategic Implications
Slide 2: Forward-looking statements
The following presentation may contain forward-looking statements about Fulton Financial Corporation's growth and acquisition strategies, new products and services, and future financial performance, including earnings and dividends per share, return on average assets, return on average equity, effic
Slide 3: Fulton Financial Corporation
Fulton Financial Corporation $12.1 billion financial holding company 232 branch offices in Pennsylvania, New Jersey, Maryland, Delaware and Virginia 14 affiliate banks; 3 financial services subsidiaries For six months ended 6/30/05 Return on assets 1.48% Return on equity 13.71% Return on tangible eq
Slide 4: Columbia Bancorp
Columbia Bancorp $1.3 billion financial holding company Parent company of Columbia Bank Serving Howard, Montgomery, Prince George's and Baltimore Counties and Baltimore City 19 full-service branches/5 retirement community offices For six months ended 6/30/05 Return on assets 1.26% Return on equity 1
Slide 5: Summary of Proposed Transaction
Summary of Proposed Transaction Columbia Bank retained as independent community bank Purchase Price: $313 million Consideration: Cash and Stock; 2.325 shares of FULT for each share of CBMD or $42.48 in cash for each share of CBMD (minimum 20%/maximum 50% of CBMD shares to receive cash) Lock-Up provi
Slide 6: Pricing
Pricing Purchase Price: $313 million Price/Common Equity: 342% Price/Tangible Equity: 342% Price/LTM EPS: 21.0x FFC shares issued (maximum): 12.9 million
Slide 7: Capital Strength (3/31/05)
Capital Strength (3/31/05) FFC CBMD Equity/assets 10.80% 7.09% Tangible equity/ tangible assets 7.70% 7.09% Leverage capital ratio 8.39% 8.62% Total risk-based capital 13.20% 10.73%
Slide 8: FFC Corporate Strategy
FFC Corporate Strategy CBMD represents Fulton's 25th acquisition Continuation of acquiring profitable community banks in strong growth markets Enhances Fulton's presence in Maryland (3rd MD affiliate) CBMD market area is geographically central to existing FFC franchise Contiguous to both Hagerstown
Slide 9: Columbia Bancorp Market Demographics
Columbia Bancorp Market Demographics Vibrant and diverse Baltimore/Washington D.C. corridor economy provides excellent growth opportunities Affluent, well-educated retail customer base Concentration of small and mid-sized businesses provides strong potential for asset growth and core deposit funding
Slide 10: Demographic Information - Population
Demographic Information - Population
Slide 11: Demographic Information - Median Household Income
Demographic Information - Median Household Income
Slide 12: Branch locations
Branch locations CBMD branches FULT branches
Slide 13: Legal, Registration Statement and Contacts
Legal, Registration Statement and Contacts These materials may be deemed to be offering materials of Fulton Financial Corporation in connection with Fulton Financial's proposed acquisition of Columbia Bancorp on the terms and subject to the conditions in the Agreement and Plan of Merger, dated July