US EditionFulton Financial Corp. to Acquire Blue Foundry Bancorp for $243 Million
The merger will create a regional bank spanning five states, with Fulton holding $32 billion in assets, aiming to improve earnings and expand customer reach.
- Earlier this year, Fulton Financial Corporation and Blue Foundry Bancorp agreed to a definitive all-stock merger exchanging each Blue Foundry share for 0.6500 Fulton shares in a deal valued at approximately $243 million.
- Boards of directors of Fulton and Blue Foundry unanimously approved the merger to accelerate Fulton's growth in northern New Jersey, aligning with its local-market expansion strategy, the companies said.
- Under the agreement, Blue Foundry Bank will be merged into Fulton Bank, N.A., a $32 billion asset holding company with more than 200 financial centers and over 3,300 employees.
- The companies project immediate financial accretion, expecting over 5% earnings accretion and immediate tangible book value per share accretion with neutral regulatory capital ratios at close.
- Fulton will file a Form S-4 and send a proxy statement/prospectus, with approvals required from regulators and Blue Foundry stockholders, and will contribute $1.5 million to the Fulton Forward Foundation.
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Daily Local News
Fulton Financial Corp. to acquire Blue Foundry Bancorp for $243 million
Fulton Financial Corp. and Blue Foundry Bancorp have entered into a definitive merger agreement through which Fulton will acquire Blue Foundry in an all-stock transaction. Under the terms of the agreement, each share of the N.J.-based Blue Foundry common stock will be exchanged for 0.6500 shares of Fulton common stock. The transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock, according to a releas…
PR Newswire
FULTON FINANCIAL CORPORATION AND BLUE FOUNDRY BANCORP COMBINING IN ALL-STOCK MERGER
/PRNewswire/ -- Fulton Financial Corporation (Nasdaq: FULT) ("Fulton") and Blue Foundry Bancorp (Nasdaq: BLFY) ("Blue Foundry") today announced that they have...
Blue Foundry Bank to Merge Into Fulton Bank in 2026 All-Stock Transaction
PARSIPPANY — Fulton Financial Corporation and Blue Foundry Bancorp announced that they have entered into a definitive merger agreement pursuant to which Fulton will acquire Blue Foundry in an all-stock transaction. The boards of directors of both Fulton and Blue Foundry have unanimously approved the definitive merger agreement. The transaction is expected to close in the […] The post Blue Foundry Bank to Merge Into Fulton Bank in 2026 All-Stock …
Fulton Financial Corporation acquires Blue Foundry Bancorp for $243M
Fulton Financial Corporation and Blue Foundry Bancorp announced that they have entered into a definitive merger agreement in which Fulton will acquire Blue Foundry in an all-stock transaction. Under the terms of the definitive merger agreement, 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 …
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