Blue Foundry Bancorp Secures All Regulatory Approvals for Merger with Fulton Financial

summarizeSummary

Blue Foundry Bancorp announced it has received all necessary regulatory approvals for its all-stock merger with Fulton Financial Corporation, clearing the path for an anticipated closing around April 1, 2026.

check_boxKey Events

• All Regulatory Approvals Obtained

  The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have granted all necessary approvals for the merger with Fulton Financial Corporation.

• Merger Closing Date Anticipated

  The all-stock merger with Fulton Financial Corporation is now expected to close on or about April 1, 2026, subject to remaining customary closing conditions.

• Follows Shareholder Approval

  This regulatory clearance follows the approval of the transaction by Blue Foundry's stockholders on January 29, 2026, completing all major approvals for the merger.

auto_awesomeAnalysis

This 8-K filing marks a critical milestone for Blue Foundry Bancorp, confirming that all required regulatory approvals for its merger with Fulton Financial Corporation have been secured. Following shareholder approval on January 29, 2026, this announcement significantly de-risks the transaction and provides a clear timeline for its completion. The merger is now expected to close on or about April 1, 2026, subject only to customary closing conditions. This development provides certainty for investors regarding the successful completion of the previously announced all-stock transaction, which is reflected in the company's stock currently trading near its 52-week high.