"We have a great team and we believe a bright future here in this wonderful city," Wenger said. "Together, we’re going to continue to change a lot of lives for the better."
Fulton's expansion became possible because regulators lifted orders inhibiting the bank's growth. Among those was consent order against The Columbia Bank related to deficiencies in the Bank Secrecy Act and anti-money laundering (BSA/AML) compliance programs.
The Columbia Bank name will cease to exist after it is merged into Fulton Bank as part of a move approved in June. The merger will be completed next month, executives said Monday, and the signs will change during the weekend of Sept. 14.
Many banks have chosen to close branches in recent years to lower costs and deal with a trend of more people transacting online. Fulton, on the other hand, is growing branches. In addition to the Wolfe Street branch, Fulton plans to open one at Yard 56 near Greektown. The bank also will be filing an application with the U.S. Treasury Department in the coming weeks for another branch "due north" of the Hopkins medical campus.