With this acquisition, Fulton adds First Washington's 16 branches in Mercer, Monmouth, and Ocean counties, New Jersey to its existing 207 branches. They are located throughout Pennsylvania, Delaware, New Jersey, and Virginia. First Washington will retain its name and operate as a separate subsidiary of Fulton, making it Fulton's 13th banking affiliate.

R. Scott Smith Jr., Fulton's president and COO, says, "We are continuing to implement our strategy to acquire well-managed, profitable community banks in strong growth markets. Our union with First Washington enhances our geographic franchise, expanding our presence into Central New Jersey." First Washington has $483 million in assets. Fulton's total assets are approximately $10.5 billion.

Sterling's acquisition adds Pennsylvania State's four branches in Cumberland County, PA and two in Dauphin County, PA to Sterling's existing 56 banking locations in south central Pennsylvania, northern Maryland, and northern Delaware. Those branches operate through Sterling's six affiliate banks. Like the other affiliates, Pennsylvania State will retain its name and continue to operate under its own bank charter.

As of March 31, Pennsylvania State's total assets were slightly more than $201 million. At that time, Sterling's assets totaled more than $2.3 billion. It owns a variety of companies in addition to its bank affiliates, which have combined assets under management of $1.7 billion.