Fed Approves Fulton Financial's Acquisition of Blue Foundry Bancorp

The Federal Reserve Board approved Fulton Financial's application to acquire Blue Foundry Bancorp and its bank subsidiary.

Published on Feb. 28, 2026

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The Federal Reserve Board announced its approval of Fulton Financial Corporation's application to acquire Blue Foundry Bancorp and its subsidiary Blue Foundry Bank, both based in Rutherford, New Jersey.

Why it matters

The acquisition will allow Fulton Financial, a Pennsylvania-based financial services company, to expand its presence in the New Jersey market by adding Blue Foundry Bank's branch network and customer base.

The details

Fulton Financial, headquartered in Lancaster, Pennsylvania, applied to the Federal Reserve to acquire Blue Foundry Bancorp and its subsidiary Blue Foundry Bank, which are based in Rutherford, New Jersey. The Federal Reserve Board approved the application, allowing Fulton Financial to add Blue Foundry's operations to its existing footprint.

  • The Federal Reserve Board announced its approval on February 20, 2026.

The players

Fulton Financial Corporation

A financial services company headquartered in Lancaster, Pennsylvania.

Blue Foundry Bancorp

A bank holding company based in Rutherford, New Jersey.

Blue Foundry Bank

A bank subsidiary of Blue Foundry Bancorp, also based in Rutherford, New Jersey.

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The takeaway

This acquisition allows Fulton Financial to expand its presence in the New Jersey market by adding Blue Foundry Bank's branch network and customer base, strengthening Fulton's position in the region.