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This profile was last updated on 1/5/16  and contains information from public web pages and contributions from the ZoomInfo community.

Vice President

Phone: (717) ***-****  
Fulton Bank
One Penn Square
Lancaster , Pennsylvania 17604
United States

Company Description: Fulton Mortgage Company offers one low rate during construction and automatically converts into a fixed rate loan. If rates come down during the construction of...   more
Background

Employment History

Board Memberships and Affiliations

42 Total References
Web References
Reading Eagle: Tim Leedy | ...
www.readingeagle.com, 5 Jan 2016 [cached]
Reading Eagle: Tim Leedy | Mike Firestine, senior vice president of Fulton Bank, said ag lending is an important source of revenue for a bank, because agriculture is the No. 1 industry in both the state and the nation.
...
Mike Firestine, senior vice president of Fulton Bank, said ag lending is an important source of revenue for a bank, because agriculture is the No. 1 industry in both the state and the nation.
"The farmer creates at least seven different jobs in the product line of production and distribution," Firestine said. "What agriculture gives back to the U.S. economy is $7 billion in direct economic impact and $69 billion in indirect impact. At the end of the day, what makes me happiest is to help out a young farmer getting started."
While Firestine acknowledged that there are high risks associated with ag lending, he said it is also low risk, because it is lending to an industry that has a good track record of credit.
He said continued growth in ag lending is important for both banks and farms.
"Agriculture requires more capital than other industries," Firestine said. "Just compare what a tractor or land costs compared to 10 years ago. Plus there are more total confine units in agriculture."
As an example, Firestine said that in the poultry industry there is a greater demand for broilers, which are necessary for the farmers to optimize their investments.
Fulton's large share of the market in ag lending comes from strong knowledge and dedication to the industry, according to officials at the bank.
"All our ag lenders at Fulton come from a farming background, and have a true interest in farming," Firestine said.
Untitled Document
www.palivestockassoc.org, 1 Oct 2009 [cached]
Acting Agriculture Secretary Russell Redding and PLA member Michael Firestine presented the $250 scholarships to the four outstanding male and female recipients who were nominated by county extension staff and agricultural science teachers.
Lebanon Daily News Online - Business
www.ldnews.com, 16 Nov 2003 [cached]
Michael Firestine, senior vice president of Lebanon Valley Farmers Bank, was appointed vice chairman of the American Bankers Association's Agricultural and Rural Bankers Committee.
...
Firestine will serve with 13 other agricultural and rural bankers from around the country to guide the ABA Center for Agricultural and Rural Banking.The center was created in 1999 to promote rural issues, such as the Farm Credit System.Committee members are nominated by state bankers' associations and serve up to three years.
"Mike brings a wealth of knowledge and experience to the ag committee, and we are pleased to have him on board," Ferguson said in a news release.
...
Firestine has been with Fulton Bank (owner of Lebanon Valley Farmers Bank) since 1976 but also owns and operates Map Farm in western Berks County, which has 20 acres of pumpkins, wheat, corn, oats and a small herd of registered Hereford and polled Hereford cows.
Firestine is a board member of the Pennsylvania Livestock Association, treasurer of the Pennsylvania Farm Show Scholarship Foundation, president of the Pennsylvania Hereford Association, treasurer of the Keystone International Livestock Exposition and this year was named to its Livestock Hall of Fame.
Firestine and his wife, Martene, have two children, Margeaux, who is the National Polled Hereford Queen, and Morgan, who is the Pennsylvania Beef Ambassador.
Press Room: Study Disputes Farm Credit System's Claim of Credit Drought in Rural America
www.aba.com, 15 Jan 2008 [cached]
"FCS continues to expand into non-farm lending throughout Pennsylvania," said Michael H. Firestine, chair of PBA's Agricultural & Rural Issues Committee and Senior Vice President at Lebanon Valley Farmers Bank, Lebanon, Pa. "The Horizons project would permanently set the FCS on a path that would take them further away from financing our agricultural producers to financing golf resorts, restaurants and suburban housing."
"FCS continues to expand into non-farm ...
www.agrinewspubs.com, 4 May 2007 [cached]
"FCS continues to expand into non-farm lending throughout Pennsylvania," said Michael H. Firestine, chair of PBA's Agricultural and Rural Issues Committee and senior vice president at Lebanon Valley Farmers Bank, Lebanon, Pa. "The Horizons project would permanently set the FCS on a path that would take them further away from financing our agricultural producers to financing golf resorts, restaurants and suburban housing."
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