Blue Foundry Bancorp (BLFY) Announces 1.27M Share Buyback

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Go back to Blue Foundry Bancorp (BLFY) Announces 1.27M Share Buyback

Blue Foundry Bancorp Announces Adoption of Third Stock Repurchase Program

August 17, 2023 4:36 PM EDT

RUTHERFORD, N.J., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, announced that it has adopted a program to repurchase up to 1,268,382 shares of its common stock, which is approximately 5% of its outstanding common stock. This is the Companys third stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.

The Companys previous stock repurchase programs provided for a total of 4,187,376 shares to be repurchased. As of August 16, 2023, there were 250 shares... More