11.24.25

Fulton To Acquire New Jersey Bank for $243M

by: John Reosti

Fulton Financial announced it will acquire struggling New Jersey-based Blue Foundry Bancorp for $243 million in stock, ending the bank’s four-year run as a publicly traded company. Blue Foundry gives Fulton with a foothold in deposit-rich Northern New Jersey, including Bergen, Essex and Union counties. The deal, expected to close in Q2 2026, will expand Fulton’s assets to $34 billion, with over $28 billion in deposits.

Read the full article on American Banker