Fulton Financial Corporation, Blue Foundry Bancorp
Fulton Financial Corporation and Blue Foundry Bancorp jointly announced the receipt of all required regulatory approvals for the previously announced all-stock transaction in which Fulton would acquire Blue Foundry.
Under the terms of the definitive merger agreement, which was announced on Nov. 24, 2025, each share of Blue Foundry common stock will be exchanged for 0.6500 shares of Fulton common stock.
Based on Fulton’s share price of $17.96 as of Nov. 21, 2025, the transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock.
“Joining forces with Fulton is an exciting step forward for our employees, customers and communities,” said James D. Nesci, president and chief executive officer of Blue Foundry in November 2025.
“This partnership allows us to preserve the local relationships and personalized service our customers value while gaining access to greater resources and providing more solutions and convenience to customers.”
Regulatory approvals have been granted by the board of governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Blue Foundry’s stockholders approved the transaction on Jan. 29.
“We are pleased to see such strong support from Blue Foundry stockholders and to have received the necessary regulatory approvals,” said Curtis J. Myers, Fulton chairman, CEO and president.
“These milestones bring us one step closer to uniting our organizations and deepening our impact across New Jersey.”
The transaction is expected to be completed on or around April 1, pending the satisfaction or waiver of the remaining customary closing conditions outlined in the definitive merger agreement governing the transaction.