Fulton Financial Acquires Blue Foundry Bancorp to Strengthen New Jersey Presence
- Fulton Financial acquired Blue Foundry Bancorp, enhancing its New Jersey presence and expanding to a $34 billion institution.
- Blue Foundry Bank will initially operate as a subsidiary, merging into Fulton Bank, N.A. by summer 2026.
- Fulton Financial pledged $1.5 million to support New Jersey community initiatives through the Fulton Forward® Foundation.
Fulton Financial Expands Its New Jersey Presence with Blue Foundry Bancorp Acquisition
Fulton Financial Corporation has successfully completed its acquisition of Blue Foundry Bancorp, marking a significant milestone for the Lancaster-based financial institution. This acquisition, finalized on April 1, 2026, enhances Fulton’s presence in New Jersey and elevates its status to a $34 billion financial services powerhouse. Curt Myers, Fulton’s Chairman, CEO, and President, expresses optimism about this strategic move, highlighting the potential of integrating Blue Foundry Bank’s customer base, employees, and shareholders into Fulton's operations. The integration is not just a financial maneuver; it reflects a commitment to fostering robust relationships with local communities while broadening Fulton’s reach in the competitive banking landscape.
In the immediate future, Blue Foundry Bank will operate as a subsidiary of Fulton Financial. However, plans are in place for the two institutions to merge under the Fulton Bank, N.A. banner by the summer of 2026. This phased approach ensures that customers continue to receive uninterrupted banking services during the transition period. Fulton’s emphasis on a seamless integration process showcases its dedication to maintaining high service levels and customer satisfaction throughout this significant change.
Beyond enhancing its operational footprint, Fulton Financial is committed to positively impacting the New Jersey communities it serves. The company announces a pledge of $1.5 million to the Fulton Forward® Foundation to support community initiatives. This initiative aims to provide meaningful contributions to local nonprofit organizations, underscoring Fulton’s long-standing commitment to community engagement and social responsibility. As Fulton Financial integrates Blue Foundry Bancorp into its operations, it reaffirms its mission to enhance lives through impactful customer relationships and active community involvement.
In addition to its expansion strategy, Fulton Financial boasts a workforce of over 3,500 employees, underscoring its status as a significant player in the community banking sector across multiple states. The focus remains on delivering comprehensive financial services that empower both customers and employees alike, reinforcing the company’s dedication to community-centric banking practices. For more insights into Fulton Financial and its community initiatives, visit www.FultonBank.com.