Blue Foundry soars on $243 million buyout deal with Fulton Financial
ReutersNov 24, 2025 2:47 PM
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
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