Fulton Financial to acquire Blue Foundry Bancorp in stock-for-stock merger at 0.650x exchange ratio

FULTON FINANCIAL CORP

Each Blue Foundry share will convert to 0.650 Fulton common share; options and restricted stock cashed out.
Blue Foundry termination fee of $9.69M payable under certain conditions.
Boards of both companies unanimously approved; Blue Foundry stockholder vote and regulatory approvals required.
Merger expected to close after customary conditions, including Fed, OCC, and NJ banking approvals.

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