Blue Foundry Bancorp Completes Merger with Fulton Financial, Delists from Nasdaq

summarizeSummary

Blue Foundry Bancorp has completed its merger with Fulton Financial Corporation, resulting in the delisting of its common stock from Nasdaq and the conversion of shares into Fulton Common Stock.

check_boxKey Events

• Merger Consummated

  On April 1, 2026, Blue Foundry Bancorp completed its merger with Fulton Financial Corporation, with Fulton as the surviving entity, as previously anticipated.

• Shares Converted

  Each share of Blue Foundry common stock was converted into the right to receive 0.650 shares of Fulton Common Stock. Approximately 12,435,599 shares of Fulton Common Stock were issued in connection with the merger.

• Nasdaq Delisting

  Blue Foundry's common stock has been delisted from the Nasdaq Global Select Market, and trading was suspended prior to the opening of trading on April 1, 2026. Fulton, as successor, intends to terminate Blue Foundry's SEC registration.

• Board and Management Changes

  As a result of the merger, all directors of Blue Foundry Bancorp ceased serving as of the effective time of the merger.

auto_awesomeAnalysis

This 8-K confirms the definitive completion of Blue Foundry Bancorp's all-stock merger with Fulton Financial Corporation, as previously announced in the 10-K filed on March 31, 2026. For Blue Foundry shareholders, this means their common stock has been converted into the right to receive Fulton Common Stock, and Blue Foundry's shares are no longer traded on Nasdaq. This marks the end of Blue Foundry Bancorp as an independent public entity, fundamentally altering the investment thesis for its former shareholders.