Fulton Financial Corporation has completed its acquisition of Blue Foundry Bancorp, marking a significant step in the company’s expansion strategy and strengthening its presence in New Jersey.
The transaction positions Fulton as a $34 billion financial services organization and advances its broader growth plan in key regional markets. Blue Foundry Bank will initially operate as a separate, wholly owned subsidiary before being fully integrated into Fulton Bank later this year.
Following the integration, customers and operations from Blue Foundry will transition into Fulton Bank’s systems and platform, though customers will continue to bank as usual until that conversion is completed.
As part of the acquisition, Fulton also announced a $1.5 million contribution to its Fulton Forward® Foundation, with funds earmarked to support nonprofit organizations across New Jersey, reinforcing its community-focused mission.
The deal enhances Fulton’s footprint across its existing markets, which include Pennsylvania, Maryland, Delaware, New Jersey, and Virginia, while adding scale and deepening its impact in the New Jersey banking sector.
KEY QUOTE:
“We are excited to welcome Blue Foundry Bank customers, employees and shareholders to the Fulton family! Completing the acquisition of Blue Foundry Bancorp marks an exciting milestone. I am proud of the collaboration between both organizations to ensure a seamless transition for Blue Foundry Bank customers as they join Fulton Bank later this year. Expanding our presence in New Jersey allows us to deepen our impact and continue changing lives for the better in the communities we serve.”
Curt Myers, Chairman, CEO And President, Fulton Financial Corporation
