Fulton Financial Acquires Blue Foundry in $243 Million All-Stock Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Should l Buy BLFY?
Source: SeekingAlpha
Acquisition Details: Fulton Financial Corp. has agreed to acquire Blue Foundry in an all-stock deal valued at approximately $243 million, with each share of Blue Foundry being exchanged for 0.6500 shares of Fulton common stock.
Strategic Growth: The acquisition aims to enhance Fulton's growth in the northern New Jersey market and is expected to be accretive to first-year earnings by over 5%, while remaining neutral to regulatory capital ratios.
Approval and Timeline: Both companies' boards have approved the merger, which is anticipated to close in Q2 2026, pending regulatory approvals and Blue Foundry stockholder consent.
Market Reaction: Following the announcement, Fulton shares experienced a slight decline of 0.9% in premarket trading, while Blue Foundry's stock remained relatively unchanged.
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Analyst Views on BLFY
Wall Street analysts forecast BLFY stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 13.240
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10.00
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10.00
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10.00
Current: 13.240
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10.00
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No data
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.
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance its customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is likely to bolster customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's strategic plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is crucial for building customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's growth plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Financial Receives Approval for Blue Foundry Acquisition
- Regulatory Approval Secured: Fulton Financial Corporation and Blue Foundry Bancorp have received necessary regulatory approvals from the Federal Reserve and the Office of the Comptroller of the Currency for their all-stock transaction, marking a significant milestone towards completion expected around April 1, 2026, thereby strengthening Fulton's market position in New Jersey.
- Strong Shareholder Support: Blue Foundry's shareholders approved the transaction on January 29, 2026, reflecting robust backing for the merger, which will help Fulton expand its customer base and enhance service capabilities.
- Strategic Integration Plans: The transaction is set to not only increase Fulton's asset size to approximately $32 billion but also enhance customer experience and market competitiveness through the integration of Blue Foundry's innovative services.
- Positive Future Outlook: Fulton's CEO stated that the merger will deepen the impact of both organizations, drive community development, and is expected to positively influence future financial performance, particularly in expanding operations in New Jersey.
See More
Fulton Financial Corporation and Blue Foundry Bancorp Reveal Regulatory Approvals and Expected Merger Completion Date
Regulatory Approval: Fulton Financial Corporation and Blue Foundry Bancorp have received regulatory approvals for their merger.
Anticipated Closing Date: The merger is expected to close on a specified date, marking a significant step in the consolidation of the two financial institutions.
See More
Halper Sadeh Investigates Blue Foundry Bancorp and Others for Potential Violations
- Investigation Launched: Halper Sadeh LLC is investigating Blue Foundry Bancorp (NASDAQ:BLFY) regarding its sale to Fulton Financial Corporation for 0.65 shares of Fulton stock per Blue Foundry share, indicating potential violations of shareholder rights.
- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- 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.
See More
Blue Foundry Bancorp to be Acquired by Fulton Financial at 0.65 Shares per Share
- Acquisition Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Blue Foundry Bancorp's proposed sale to Fulton Financial at a rate of 0.65 shares per Blue Foundry share, aiming to assess whether this transaction undervalues the company.
- Shareholder Rights Concern: The proposed transaction has raised concerns regarding shareholder rights, as KSF seeks to determine the adequacy of the process, which could influence shareholder acceptance and future investment decisions.
- 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.
- Market Reaction Expectations: Given the potential undervaluation of the deal, the market may react negatively to Blue Foundry Bancorp's stock price, impacting its performance on NASDAQ and future financing capabilities.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance its customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is likely to bolster customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's strategic plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Completes Acquisition of Blue Foundry, Expanding Market Presence
- Market Expansion: Fulton Financial Corporation's successful acquisition of Blue Foundry Bancorp elevates its total assets to $34 billion, significantly strengthening its market position in New Jersey and expected to enhance customer base and market share.
- Customer Integration Plan: Blue Foundry Bank will merge with Fulton Bank this summer, allowing customers to continue banking at existing locations, ensuring service continuity during the transition, which is crucial for building customer trust and satisfaction.
- Community Contribution: The acquisition is accompanied by a $1.5 million donation to the Fulton Forward® Foundation aimed at supporting nonprofit organizations in New Jersey, reflecting the company's commitment to community development and enhancing its brand image.
- Strategic Vision: Fulton Chairman and CEO Curt Myers stated that this acquisition marks a significant milestone in the company's growth plan, aiming to improve the quality of life in the communities served by enhancing service capabilities and market impact.
See More
Fulton Financial Receives Approval for Blue Foundry Acquisition
- Regulatory Approval Secured: Fulton Financial Corporation and Blue Foundry Bancorp have received necessary regulatory approvals from the Federal Reserve and the Office of the Comptroller of the Currency for their all-stock transaction, marking a significant milestone towards completion expected around April 1, 2026, thereby strengthening Fulton's market position in New Jersey.
- Strong Shareholder Support: Blue Foundry's shareholders approved the transaction on January 29, 2026, reflecting robust backing for the merger, which will help Fulton expand its customer base and enhance service capabilities.
- Strategic Integration Plans: The transaction is set to not only increase Fulton's asset size to approximately $32 billion but also enhance customer experience and market competitiveness through the integration of Blue Foundry's innovative services.
- Positive Future Outlook: Fulton's CEO stated that the merger will deepen the impact of both organizations, drive community development, and is expected to positively influence future financial performance, particularly in expanding operations in New Jersey.
See More
Fulton Financial Corporation and Blue Foundry Bancorp Reveal Regulatory Approvals and Expected Merger Completion Date
Regulatory Approval: Fulton Financial Corporation and Blue Foundry Bancorp have received regulatory approvals for their merger.
Anticipated Closing Date: The merger is expected to close on a specified date, marking a significant step in the consolidation of the two financial institutions.
See More
Halper Sadeh Investigates Blue Foundry Bancorp and Others for Potential Violations
- Investigation Launched: Halper Sadeh LLC is investigating Blue Foundry Bancorp (NASDAQ:BLFY) regarding its sale to Fulton Financial Corporation for 0.65 shares of Fulton stock per Blue Foundry share, indicating potential violations of shareholder rights.
- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- 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.
See More
Blue Foundry Bancorp to be Acquired by Fulton Financial at 0.65 Shares per Share
- Acquisition Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Blue Foundry Bancorp's proposed sale to Fulton Financial at a rate of 0.65 shares per Blue Foundry share, aiming to assess whether this transaction undervalues the company.
- Shareholder Rights Concern: The proposed transaction has raised concerns regarding shareholder rights, as KSF seeks to determine the adequacy of the process, which could influence shareholder acceptance and future investment decisions.
- 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.
- Market Reaction Expectations: Given the potential undervaluation of the deal, the market may react negatively to Blue Foundry Bancorp's stock price, impacting its performance on NASDAQ and future financing capabilities.
See More
