Fulton Financial receives regulatory approvals for Blue Foundry acquisition

Fulton Financial Corporation (NASDAQ: FULT) and Blue Foundry Bancorp (NASDAQ: BLFY) announced they have received all required regulatory approvals for their previously announced all-stock merger transaction.

The Federal Reserve Board of Governors and the Office of the Comptroller of the Currency granted regulatory approvals for the deal. Blue Foundry stockholders approved the transaction on January 29, 2026.

"We are pleased to see such strong support from Blue Foundry stockholders and to have received the necessary regulatory approvals," said Curtis J. Myers, Fulton Chairman, CEO and President. "These milestones bring us one step closer to uniting our organizations and deepening our impact across New Jersey."

The companies initially announced the transaction on November 24, 2025. The merger is expected to close on or around April 1, 2026, pending satisfaction or waiver of remaining customary closing conditions outlined in the definitive merger agreement.

Lancaster, Pennsylvania-based Fulton Financial is a $32 billion asset financial holding company that operates through subsidiary Fulton Bank across Pennsylvania, Maryland, Delaware, New Jersey and Virginia. The company employs more than 3,300 people.

Blue Foundry Bancorp, headquartered in Rutherford, New Jersey, operates Blue Foundry Bank with locations in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset and Union counties. The bank has operated for more than 145 years.

The information is based on a joint press release from both companies.

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