Brief: Blue Foundry Bancorp Says Board Has Authorized Withdrawal From Pentegra Defined Benefit Plan For Financial Institutions

Blue Foundry Bancorp

18/08/2021 21:42

Aug 18 (Reuters) - Blue Foundry Bancorp  BLFY.O :
    * BLUE FOUNDRY BANCORP -  BOARD OF BLUE FOUNDRY BANK HAS
AUTHORIZED WITHDRAWAL FROM PENTEGRA DEFINED BENEFIT PLAN FOR
FINANCIAL INSTITUTIONS
    * BLUE FOUNDRY - INTENDS TO FULLY WITHDRAW FROM PLAN
EFFECTIVE
SEPTEMBER 30, 2021 AND WILL RECOGNIZE LOSS OF $9.2 MILLION IN
QUARTER ENDING SEPT 30, 2021

Source: (https://bit.ly/2VYtyFt)
Further company coverage:  BLFY.O 

 ((Reuters.Briefs@thomsonreuters.com;))