shareholder approval release
 

Filed by:
Fulton Financial Corporation Pursuant
to Rule 425 under the Securities Act
of 1933 and deemed filed pursuant to
Rule 14a-12 under the Securities
Exchange Act of 1934
   
 

Subject Company: SVB Financial
Services, Inc. (Commission File
No. 000-22407)

 

FULTON FINANCIAL
CORPORATION

FOR IMMEDIATE RELEASE

Contact:      Laura Wakeley (Fulton)

(Full text available on PR Newswire)

                   Phone: 717-291-2739
   
 

                   Keith McCarthy
 

                   (SVB Financial Services, Inc)
 

                   Phone: (908) 541-9500 x305

 

SVB FINANCIAL SERVICES, INC. SHAREHOLDERS APPROVE MERGER

WITH FULTON FINANCIAL CORPORATION

     (June 9)    --   Lancaster, PA    --    SVB Financial Services, Inc. shareholders today approved the acquisition of SVB Financial Services, Inc. (Nasdaq: SVBF) by Fulton Financial Corporation (Nasdaq: FULT), an $11.4 billion financial holding company based in Lancaster, PA.

     The vote at a special shareholders' meeting today clears the way for the merger to proceed. The merger is now expected to be completed on July 1, 2005.

     SVB Financial Services, Inc. is the holding company for Somerset Valley Bank, which is based in Somerville, NJ. The company has approximately $511 million in assets and currently operates eleven community banking offices in Somerset, Hunterdon and Middlesex Counties in New Jersey. Somerset Valley Bank will become Fulton Financial's 14th banking affiliate and will continue to operate as Somerset Valley Bank.

     Fulton Financial Corporation is a financial holding company that operates 221 banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through the following affiliates: Fulton Bank, Lancaster, PA; Lebanon Valley Farmers Bank, Lebanon, PA; Swineford National Bank, Middleburg, PA;

Lafayette Ambassador Bank, Easton, PA; FNB Bank, N.A., Danville, PA;
Hagerstown Trust, Hagerstown, MD; Delaware National Bank, Georgetown, DE;

-- more -

The Bank, Woodbury, NJ; Peoples Bank of Elkton, Elkton, MD, Skylands Community Bank, Hackettstown, NJ., Premier Bank, Doylestown, PA, Resource Bank, Virginia Beach, VA, and First Washington State Bank, Windsor, NJ.

     The Corporation's other financial services providers include Fulton Financial Advisors, N.A., Lancaster, PA; Fulton Insurance Services Group, Inc., Lancaster, PA; and Dearden, Maguire, Weaver and Barrett, LLC, West Conshohocken, PA. Residential mortgage lending is offered by all banks through Fulton Mortgage Company and Resource Mortgage.

     Additional information on Fulton Financial Corporation is available on the Internet at www.fult.com.

# # #

2005

Safe Harbor Statement: Except for historical information contained herein, the matters discussed in this release are forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability to achieve anticipated merger related operational efficiencies, the ability to enhance revenues through increased market penetration, expanded lending capacity and product offerings and other risks detailed from time to time in Fulton's and SVB Financial's SEC filings, including forms 10-Q and 10-K (copies of which are available from Fulton without charge in hard copy or online at www.sec.gov). Fulton and SVB Financial disclaim any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Additional Information and Where to Find It: Fulton filed a Registration Statement on SEC Form S-4, Fulton and SVB Financial filed a Proxy Statement/Prospectus with the SEC in connection with the transaction discussed herein, and SVB Financial mailed a Proxy Statement/Prospectus to shareholders of SVB Financial containing information about the acquisition. Investors and security holders are urged to read the Registration Statement and the Proxy Statement/Prospectus carefully. The Registration Statement and the Proxy Statement/Prospectus contain important information about Fulton, SVB Financial, the acquisition of SVB Financial by Fulton, the persons soliciting proxies relating to the acquisition, their interests in the acquisition and related matters. Investors and security holders may obtain free copies of these documents through the website maintained by the SEC at http://www.sec.gov. Free copies of the Proxy Statement/Prospectus and these other documents may also be obtained from Fulton by directing a request to George R. Barr, Secretary, at (717) 291-2411 or from SVB Financial by directing a request to Keith McCarthy, Treasurer and Chief Operating Officer, at (908) 541-9500 x305.

In addition to the Registration Statement and the Proxy Statement/Prospectus, Fulton and SVB Financial file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information at the SEC public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at any of the SEC's other public reference rooms in New York, New York and Chicago, Illinois. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. Fulton's and SVB Financial 's filings with the SEC are also available to the public from commercial document-retrieval services and at the Web site maintained by the SEC at http://www.sec.gov.