Fulton Bank commits $10 million to GO PA Fund

Fulton Bank, a subsidiary of Fulton Financial Corporation, recently announced that it is investing up to $10 million in the GO PA Fund, a venture fund launched for Pennsylvania-based technology companies. The fund was formed by Ben Franklin Technology Partners of Southeastern Pennsylvania, a nationally recognized Philadelphia-based technology-based economic development program.

The fund will primarily invest in follow-on investments selected from more than 600 current and future portfolio companies of the statewide network of four Ben Franklin Technology Partner entities, serving Southeastern Pennsylvania, Northeastern Pennsylvania, Central and Northern Pennsylvania and Southwestern Pennsylvania.

The GO PA fund has raised a total of $30 million, with Fulton as one of its anchor investors.

Fulton's Life Sciences & Technology Specialty Banking team provides banking services to the type of companies supported by the GO PA Fund. Fulton Bank has several specialty banking teams focused on major industries in the communities it serves, such as agriculture and health care banking. It is currently the largest agriculture bank in the Northeast.

Growth-stage technology companies can visit http://www.benfranklin.org to learn more about the fund.

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