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News  ›  Benzinga

Blue Foundry Bancorp To Merge With Fulton Financial In $243 Million Deal

Benzinga Logo Benzinga By Lekha Gupta
Blue Foundry Bancorp To Merge With Fulton Financial In $243 Million Deal

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.

Insights
BLFY   positive

Stock price surged 39.33% due to merger announcement and premium valuation of $11.67 per share