Blue Foundry Bancorp Common Stock
BLFYBlue Foundry Bancorp is a financial holding company that provides banking and financial services through its subsidiary, Blue Foundry Bank. Established to serve communities with a focus on personalized banking solutions, the company offers products such as personal and business banking, commercial loans, and mortgage services. It emphasizes community banking with a commitment to innovation and customer service.
Company News
Law firm Monteverde & Associates is investigating several corporate mergers involving technology, banking, and acquisition companies, offering shareholders potential legal recourse.
Blue Foundry Bancorp will be acquired by Fulton Financial in an all-stock deal valued at $243 million, with each Blue Foundry share exchanged for 0.6500 Fulton shares. The merger is expected to close in Q2 2026 and strengthen Fulton's presence in the northern New Jersey market.
Fulton Financial Corporation will acquire Blue Foundry Bancorp in an all-stock transaction valued at $243 million, expanding Fulton's presence in northern New Jersey and expected to be accretive to earnings.
Blue Foundry Bancorp reported a reduced net loss in Q3 2025, with increased net interest income, loan growth, and strategic focus on commercial and consumer lending while managing deposit costs and capital allocation.
Blue Foundry Bancorp reported a net loss of $2 million in Q2 2025, showing improvement from the previous quarter. The bank focused on strategic portfolio diversification, growing core deposits, and managing expenses while expanding net interest margin.
