The History of Fulton Savings Bank
1871
The Beginning
A group of civic leaders organize Fulton Savings Bank “to receive deposits from tradesmen, clerks, mechanics, laborers, miners, servants and others.” Fulton Savings Bank opens its doors on September 25 in a rented room at the northeast corner of Second and Oneida Streets.
1873
Post Civil War
The uncertainty felt by Americans during the post Civil War period leads to a series of finial panics which tests Fulton Savings Bank’s strength. Nearly 37% of the nation’s bank deposits are withdrawn causing many banks to fail.
1911
Growth
Prosperity in the area community and throughout the nation stimulates Fulton Savings Bank’s growth in the early years of the twentieth century. A new office is built in down Fulton (now the bank’s Main Office).
1933
The Great Depression
Another nationwide economic panic develops with the Great Depression. Having earned the trust of its depositor, the bank endures this crisis unscathed.
1947
Home Loans
Home Improvement Loans are offered, enabling hundreds of customers to improve or expand their homes.
1988
Main Office Expansion
Due to increasing business, the bank expands the Loan Department to the Second Floor of its Main Office.
1998
Scholarship Program
Fulton Savings Bank continues to support education and give back to the community by introducing its scholarship program which helps students from 10 local school districts attending SUNY Oswego and Cayuga Community College.
1999
Expands Services
The Bank develops its website and introduces internet banking. With the rise in mortgage requests the Bank decides to expand by adding a Loan Operation Center n Canal View Mall in Fulton.
2006
Free Accounts
Bank’s Totally Free Checking Account program expanded to include business checking accounts.
2016
Mobile Check Deposit
The Bank adds Mobile Check Deposit to its array of services, giving customers the ability to deposit checks from virtually anywhere.
