Fulton Financial to Acquire Blue Foundry Bancorp for $243 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Should l Buy BLFY?
Source: Newsfilter
- Merger Agreement Reached: Fulton Financial Corporation has entered into a definitive merger agreement to acquire Blue Foundry Bancorp in an all-stock transaction valued at approximately $243 million, equating to $11.67 per share of Blue Foundry. This merger is expected to accelerate Fulton's growth in the attractive northern New Jersey market, with an anticipated earnings accretion of over 5% in the first full year.
- Shareholder Approval and Regulatory Review: The transaction has been unanimously approved by the boards of both companies and is expected to close in the second quarter of 2026, subject to customary regulatory approvals and Blue Foundry's stockholder approval. This timeline provides both companies with a window for integration and strategic planning.
- Community Support Commitment: As part of the transaction, Fulton will contribute $1.5 million to the Fulton Forward® Foundation to support nonprofit community organizations in New Jersey. This initiative not only enhances Fulton's community responsibility but also adds a positive social impact to its brand image.
- Business Integration Outlook: Following the merger, Blue Foundry Bank will merge into Fulton Bank, with Fulton Bank as the surviving entity. This integration will enable Fulton to leverage stronger banking services, enhancing customer convenience and innovative solutions, further solidifying its position in the local market.
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Analyst Views on BLFY
Wall Street analysts forecast BLFY stock price to fall
1 Analyst Rating
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Hold
Current: 14.040
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Current: 14.040
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About BLFY
Blue Foundry Bancorp is a holding company for Blue Foundry Bank (the Bank). The Bank is a chartered stock savings bank. The Bank's principal business consists of originating one-to-four family residential, multifamily, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans in its principal market and surrounding areas. In addition, it often lends outside its branch network in more densely populated and metropolitan areas, adding diversification to its loan portfolio. It attracts retail deposits from the public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a variety of deposit products. Its primary sources of funds are deposits, principal and interest payments on loans, securities, and borrowings. The Bank operates 20 full-service banking offices in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, and Union counties in New Jersey.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Legal Consultation Services: The firm offers free consultations, encouraging affected shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to protecting investor interests.
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- Legal Consultation Opportunity: KSF is offering legal consultation services, encouraging shareholders who believe the transaction undervalues the company to reach out, indicating the firm's intent to support and protect shareholder interests.
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