Fulton Financial and Blue Foundry Bancorp to Merge in $243 Million All-Stock Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
0mins
Should l Buy BLFY?
Merger Agreement: Fulton Financial (FULT) has entered into a definitive merger agreement to acquire Blue Foundry Bancorp (BLFY) in an all-stock transaction, where each share of Blue Foundry will be exchanged for 0.6500 shares of Fulton common stock.
Transaction Valuation: The merger is valued at approximately $243 million, or $11.67 per share of Blue Foundry, based on Fulton's share price of $17.96 as of November 21, 2025.
Financial Impact: The transaction is expected to enhance Fulton's growth in northern New Jersey, be accretive to first-year earnings by over 5%, and neutral to regulatory capital ratios upon closing.
Community Contribution: Fulton will contribute $1.5 million to the Fulton Forward Foundation to support nonprofit community organizations in New Jersey as part of the merger agreement.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BLFY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BLFY
Wall Street analysts forecast BLFY stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 13.180
Low
10.00
Averages
10.00
High
10.00
Current: 13.180
Low
10.00
Averages
10.00
High
10.00
No data
About BLFY
Blue Foundry Bancorp is a holding company for Blue Foundry Bank (the Bank). The Bank is a chartered stock savings bank. The Bank's principal business consists of originating one-to-four family residential, multifamily, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans in its principal market and surrounding areas. In addition, it often lends outside its branch network in more densely populated and metropolitan areas, adding diversification to its loan portfolio. It attracts retail deposits from the public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a variety of deposit products. Its primary sources of funds are deposits, principal and interest payments on loans, securities, and borrowings. The Bank operates 20 full-service banking offices in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, and Union counties in New Jersey.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fulton Financial Receives Approval for Blue Foundry Acquisition
- Regulatory Approval Secured: Fulton Financial Corporation and Blue Foundry Bancorp have received necessary regulatory approvals from the Federal Reserve and the Office of the Comptroller of the Currency for their all-stock transaction, marking a significant milestone towards completion expected around April 1, 2026, thereby strengthening Fulton's market position in New Jersey.
- Strong Shareholder Support: Blue Foundry's shareholders approved the transaction on January 29, 2026, reflecting robust backing for the merger, which will help Fulton expand its customer base and enhance service capabilities.
- Strategic Integration Plans: The transaction is set to not only increase Fulton's asset size to approximately $32 billion but also enhance customer experience and market competitiveness through the integration of Blue Foundry's innovative services.
- Positive Future Outlook: Fulton's CEO stated that the merger will deepen the impact of both organizations, drive community development, and is expected to positively influence future financial performance, particularly in expanding operations in New Jersey.
See More
Fulton Financial Corporation and Blue Foundry Bancorp Reveal Regulatory Approvals and Expected Merger Completion Date
Regulatory Approval: Fulton Financial Corporation and Blue Foundry Bancorp have received regulatory approvals for their merger.
Anticipated Closing Date: The merger is expected to close on a specified date, marking a significant step in the consolidation of the two financial institutions.
See More
Halper Sadeh Investigates Blue Foundry Bancorp and Others for Potential Violations
- Investigation Launched: Halper Sadeh LLC is investigating Blue Foundry Bancorp (NASDAQ:BLFY) regarding its sale to Fulton Financial Corporation for 0.65 shares of Fulton stock per Blue Foundry share, indicating potential violations of shareholder rights.
- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- Legal Consultation Services: The firm offers free consultations, encouraging affected shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to protecting investor interests.
See More
Blue Foundry Bancorp to be Acquired by Fulton Financial at 0.65 Shares per Share
- Acquisition Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Blue Foundry Bancorp's proposed sale to Fulton Financial at a rate of 0.65 shares per Blue Foundry share, aiming to assess whether this transaction undervalues the company.
- Shareholder Rights Concern: The proposed transaction has raised concerns regarding shareholder rights, as KSF seeks to determine the adequacy of the process, which could influence shareholder acceptance and future investment decisions.
- Legal Consultation Opportunity: KSF is offering legal consultation services, encouraging shareholders who believe the transaction undervalues the company to reach out, indicating the firm's intent to support and protect shareholder interests.
- Market Reaction Expectations: Given the potential undervaluation of the deal, the market may react negatively to Blue Foundry Bancorp's stock price, impacting its performance on NASDAQ and future financing capabilities.
See More
Halper Sadeh Investigates Axalta's Sale to Akzo Nobel for Shareholder Rights Violations
- Acquisition Investigation: Halper Sadeh LLC is investigating the sale of Axalta Coating Systems Ltd. to Akzo Nobel N.V., where shareholders receive 0.6539 shares of AkzoNobel stock for each Axalta common share, potentially indicating breaches of fiduciary duties to shareholders.
- Shareholder Rights: The investigation aims to ensure that Axalta shareholders' rights are protected, with Halper Sadeh LLC potentially seeking increased compensation or other relief measures to safeguard their interests.
- Legal Support: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging Axalta shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to shareholder interests.
- Industry Impact: Such investigations may affect Axalta's market reputation and shareholder confidence, reflecting a growing emphasis on protecting shareholder rights in merger and acquisition transactions.
See More
Halper Sadeh Investigates TrueCar and Sealed Air Shareholder Rights Violations
- Legal Investigation Initiated: Halper Sadeh LLC is investigating TrueCar, Inc. (NASDAQ:TRUE) for its sale to Fair Holdings, Inc. at $2.55 per share, potentially violating federal securities laws and fiduciary duties, aiming to protect shareholder rights and seek increased transaction consideration.
- Sealed Air Shareholder Rights: The firm is also scrutinizing Sealed Air Corporation (NYSE:SEE) for its sale to CD&R-affiliated funds at $42.15 per share in cash, which may involve insufficient disclosure to shareholders, ensuring they receive their rightful entitlements and transparency.
- Blue Foundry Bancorp Transaction: Halper Sadeh is investigating Blue Foundry Bancorp (NASDAQ:BLFY) for its sale to Fulton Financial Corporation at 0.65 shares of common stock per share, potentially lacking adequate protection for shareholders, with the firm seeking additional compensation and disclosures on their behalf.
- Commitment to Legal Services: Halper Sadeh LLC offers contingent fee legal services, encouraging shareholders to reach out to discuss their rights and options, demonstrating the firm's dedication to protecting and supporting investors globally.
See More
Fulton Financial Receives Approval for Blue Foundry Acquisition
- Regulatory Approval Secured: Fulton Financial Corporation and Blue Foundry Bancorp have received necessary regulatory approvals from the Federal Reserve and the Office of the Comptroller of the Currency for their all-stock transaction, marking a significant milestone towards completion expected around April 1, 2026, thereby strengthening Fulton's market position in New Jersey.
- Strong Shareholder Support: Blue Foundry's shareholders approved the transaction on January 29, 2026, reflecting robust backing for the merger, which will help Fulton expand its customer base and enhance service capabilities.
- Strategic Integration Plans: The transaction is set to not only increase Fulton's asset size to approximately $32 billion but also enhance customer experience and market competitiveness through the integration of Blue Foundry's innovative services.
- Positive Future Outlook: Fulton's CEO stated that the merger will deepen the impact of both organizations, drive community development, and is expected to positively influence future financial performance, particularly in expanding operations in New Jersey.
See More
Fulton Financial Corporation and Blue Foundry Bancorp Reveal Regulatory Approvals and Expected Merger Completion Date
Regulatory Approval: Fulton Financial Corporation and Blue Foundry Bancorp have received regulatory approvals for their merger.
Anticipated Closing Date: The merger is expected to close on a specified date, marking a significant step in the consolidation of the two financial institutions.
See More
Halper Sadeh Investigates Blue Foundry Bancorp and Others for Potential Violations
- Investigation Launched: Halper Sadeh LLC is investigating Blue Foundry Bancorp (NASDAQ:BLFY) regarding its sale to Fulton Financial Corporation for 0.65 shares of Fulton stock per Blue Foundry share, indicating potential violations of shareholder rights.
- Shareholder Rights Protection: The firm is also examining Synchronoss Technologies, Inc. (NASDAQ:SNCR)'s sale to Lumine Group Inc. for $9.00 per share, which may be subject to adjustments for transaction expenses that could affect shareholder interests.
- Potential Compensation Claims: Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief measures to ensure that shareholder rights are upheld in these transactions.
- Legal Consultation Services: The firm offers free consultations, encouraging affected shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to protecting investor interests.
See More
Blue Foundry Bancorp to be Acquired by Fulton Financial at 0.65 Shares per Share
- Acquisition Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Blue Foundry Bancorp's proposed sale to Fulton Financial at a rate of 0.65 shares per Blue Foundry share, aiming to assess whether this transaction undervalues the company.
- Shareholder Rights Concern: The proposed transaction has raised concerns regarding shareholder rights, as KSF seeks to determine the adequacy of the process, which could influence shareholder acceptance and future investment decisions.
- Legal Consultation Opportunity: KSF is offering legal consultation services, encouraging shareholders who believe the transaction undervalues the company to reach out, indicating the firm's intent to support and protect shareholder interests.
- Market Reaction Expectations: Given the potential undervaluation of the deal, the market may react negatively to Blue Foundry Bancorp's stock price, impacting its performance on NASDAQ and future financing capabilities.
See More
Halper Sadeh Investigates Axalta's Sale to Akzo Nobel for Shareholder Rights Violations
- Acquisition Investigation: Halper Sadeh LLC is investigating the sale of Axalta Coating Systems Ltd. to Akzo Nobel N.V., where shareholders receive 0.6539 shares of AkzoNobel stock for each Axalta common share, potentially indicating breaches of fiduciary duties to shareholders.
- Shareholder Rights: The investigation aims to ensure that Axalta shareholders' rights are protected, with Halper Sadeh LLC potentially seeking increased compensation or other relief measures to safeguard their interests.
- Legal Support: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging Axalta shareholders to reach out to discuss their legal rights and options, demonstrating a commitment to shareholder interests.
- Industry Impact: Such investigations may affect Axalta's market reputation and shareholder confidence, reflecting a growing emphasis on protecting shareholder rights in merger and acquisition transactions.
See More
Halper Sadeh Investigates TrueCar and Sealed Air Shareholder Rights Violations
- Legal Investigation Initiated: Halper Sadeh LLC is investigating TrueCar, Inc. (NASDAQ:TRUE) for its sale to Fair Holdings, Inc. at $2.55 per share, potentially violating federal securities laws and fiduciary duties, aiming to protect shareholder rights and seek increased transaction consideration.
- Sealed Air Shareholder Rights: The firm is also scrutinizing Sealed Air Corporation (NYSE:SEE) for its sale to CD&R-affiliated funds at $42.15 per share in cash, which may involve insufficient disclosure to shareholders, ensuring they receive their rightful entitlements and transparency.
- Blue Foundry Bancorp Transaction: Halper Sadeh is investigating Blue Foundry Bancorp (NASDAQ:BLFY) for its sale to Fulton Financial Corporation at 0.65 shares of common stock per share, potentially lacking adequate protection for shareholders, with the firm seeking additional compensation and disclosures on their behalf.
- Commitment to Legal Services: Halper Sadeh LLC offers contingent fee legal services, encouraging shareholders to reach out to discuss their rights and options, demonstrating the firm's dedication to protecting and supporting investors globally.
See More
