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Fulton Moves to Bolster Its New Jersey Footprint With $243 Million Blue Foundry Deal
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Fulton Moves to Bolster Its New Jersey Footprint With $243 Million Blue Foundry Deal
LANCASTER, PA & RUTHERFORD, NJ — Fulton Financial Corporation (Nasdaq: FULT) entered into a definitive agreement to acquire Blue Foundry Bancorp (Nasdaq: BLFY) in an all-stock transaction valued at roughly $243 million, a move that significantly deepens Fulton’s presence in northern New Jersey, one of the region’s most competitive banking markets. Under the terms of the agreement, Blue Foundry shareholders received 0.6500 shares of Fulton common…
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