Fulton Financial agrees to merge with Blue Foundry Bancorp in stock deal
On November 24, 2025, Fulton Financial entered a merger agreement under which Blue Foundry Bancorp will merge into Fulton, with Fulton surviving. Blue Foundry shareholders would receive 0.650 of a Fulton share for each Blue Foundry share, plus cash for fractional shares, and the deal requires Blue Foundry stockholder approval and several bank regulatory approvals. The filing does not state the total deal value or an expected closing date.
Key points
- Exchange ratio: 0.650 of a Fulton common share for each Blue Foundry common share, plus cash in lieu of fractional shares
- Blue Foundry will pay Fulton a termination fee of $9,694,662 if the agreement is terminated under certain circumstances
- Closing conditions include Blue Foundry stockholder approval and approvals from the Federal Reserve, the OCC and the New Jersey Department of Banking and Insurance
- Blue Foundry Bank would merge into Fulton Bank, N.A. in a separate bank merger
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 25, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.