Fulton Financial Corporation and Blue Foundry Bancorp have successfully obtained all required regulatory clearances for their previously announced all-stock merger. This significant step brings the two entities closer to forming a unified financial institution, promising expanded services and market reach for their clientele.
The crucial regulatory endorsements came from both the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, signaling official validation of the merger. These approvals follow the overwhelming support from Blue Foundry's stockholders, who sanctioned the transaction on January 29, 2026. The merger, initially unveiled on November 24, 2025, is now slated for completion on or about April 1, 2026, contingent upon the fulfillment or waiver of standard closing conditions stipulated in their definitive merger agreement.
This consolidation marks a pivotal moment for both financial organizations, poised to create a more robust and competitive entity in the banking sector. The synergy between Fulton Financial and Blue Foundry Bancorp is expected to enhance operational efficiencies and deliver greater value to shareholders, customers, and employees alike. As the financial landscape continues to evolve, strategic mergers like this underscore a commitment to growth and adaptability, fostering a stronger, more resilient financial ecosystem.
