Blue Foundry soars on $243 million buyout deal with Fulton Financial

Blue Foundry Bancorp

24/11/2025 14:47

** Community lender Blue Foundry Bancorp's BLFY.O shares jump 36.9% to $10.84 in early trading

** Regional lender Fulton Financial FULT.O will buy BLFY in a $243 million all-stock deal, the banks say

** Each BLFY share will be exchanged for 0.65 shares of FULT, valuing Blue Foundry at $11.67 apiece

** Deal represents 47.3% premium to stock's last close

** Transaction, which is expected to close in Q2 2026, will boost Fulton's presence in northern New Jersey market

** As of last close, BLFY stock down 19.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))