Fulton Financial Secures All Regulatory Approvals for Blue Foundry Bancorp Merger, Targets April 1 Closing
Summary
Fulton Financial Corporation has obtained all required regulatory approvals for its all-stock merger with Blue Foundry Bancorp, with an anticipated closing date around April 1, 2026.
Key Events
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All Regulatory Approvals Secured
Fulton Financial Corporation and Blue Foundry Bancorp have received all required regulatory approvals for their previously announced all-stock merger, including from the Federal Reserve System and the Office of the Comptroller of the Currency.
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Anticipated Merger Closing Date Set
The merger is now expected to close on or about April 1, 2026, subject to the satisfaction of remaining customary closing conditions.
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Stockholder Approval Previously Obtained
Blue Foundry Bancorp's stockholders approved the transaction on January 29, 2026, further clearing the path for the merger's completion.
Analysis
Fulton Financial Corporation has announced the receipt of all necessary regulatory approvals for its all-stock merger with Blue Foundry Bancorp. This includes approvals from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. This development significantly de-risks the transaction, which was initially announced in November 2025, and follows Blue Foundry's stockholder approval in January 2026. With these key hurdles cleared, the companies now anticipate closing the merger on or about April 1, 2026, providing clarity and certainty for investors regarding this major strategic acquisition.
At the time of this filing, FULT was trading at $22.18 on NASDAQ in the Finance sector, with a market capitalization of approximately $4B. The 52-week trading range was $14.33 to $22.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.