On April 1, 2026, Fulton Financial Corporation (NASDAQ: FULT) announced the successful completion of its acquisition of Blue Foundry Bancorp, a strategic move aimed at enhancing its footprint in the New Jersey market. This acquisition marks a significant milestone for Fulton, which now operates as a $34 billion financial services company. The merger, formalized through an Agreement and Plan of Merger dated November 24, 2025, will see Blue Foundry Bank operate as a wholly owned subsidiary of Fulton until its systems and operations are integrated into Fulton Bank, N.A. later this summer. As part of the merger agreement, each share of Blue Foundry Common Stock will be converted into the right to receive 0.650 shares of Fulton Common Stock, along with cash for any fractional shares. This transaction is expected to create synergies that will enhance Fulton’s operational capabilities and market reach. Fulton’s Chairman and CEO, Curt Myers, expressed excitement about welcoming Blue Foundry Bank's customers and employees, emphasizing the collaborative efforts to ensure a seamless transition. Additionally, Fulton plans to contribute $1.5 million to its Fulton Forward Foundation to support nonprofit organizations in New Jersey, further solidifying its commitment to community engagement. The completion of this acquisition is anticipated to positively impact Fulton’s growth trajectory and financial performance, making it a noteworthy development in the banking sector.

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