JPMorgan Chase Trims Stake in Blue Foundry Bancorp

Banking giant reduces ownership in New Jersey-based community bank

Apr. 17, 2026 at 9:08am

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A close-up, high-contrast image of complex banking machinery and mechanisms, representing the institutional power and financial infrastructure of the banking industry.The behind-the-scenes machinery of the banking industry, as larger institutions like JPMorgan Chase adjust their investments in smaller regional banks.Paramus Today

JPMorgan Chase & Co. has reduced its stake in Blue Foundry Bancorp, the parent company of Blue Foundry Bank, by 66.3% in the third quarter. The firm now owns 21,528 shares of the company's stock, worth approximately $196,000.

Why it matters

This move by JPMorgan Chase, one of the largest financial institutions in the world, provides insight into the bank's investment strategy and portfolio management decisions regarding smaller, regional community banks like Blue Foundry Bancorp. It also highlights the shifting landscape of the banking industry as larger players navigate the competitive environment.

The details

According to a recent SEC filing, JPMorgan Chase sold 42,307 shares of Blue Foundry Bancorp during the third quarter, reducing its overall stake in the company to 0.10%. Blue Foundry Bancorp is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area through its subsidiary, Blue Foundry Bank.

  • JPMorgan Chase filed its Q3 2026 Form 13F with the SEC, disclosing the reduced stake in Blue Foundry Bancorp.
  • Blue Foundry Bancorp's stock trades on the NASDAQ under the ticker symbol BLFY.

The players

JPMorgan Chase & Co.

One of the largest financial institutions in the world, providing a wide range of banking, investment, and financial services.

Blue Foundry Bancorp

A bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area through its subsidiary, Blue Foundry Bank.

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The takeaway

This move by JPMorgan Chase highlights the ongoing consolidation and shifting dynamics in the banking industry, as larger institutions navigate the competitive landscape and adjust their investment strategies regarding smaller, regional community banks.