---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-294478"
form_type: "8-K"
ticker: null
cik: "0001846017"
company_name: "Blue Foundry Bancorp"
filed_at: "2025-11-25T23:59:59+00:00"
generated_at: "2026-05-16T17:02:26.601407+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Fulton Financial to acquire Blue Foundry Bancorp for ~$243M in all-stock merger

## Summary
- Each BLFY share exchanged for 0.6500 FULT share; transaction valued at ~$243M or $11.67/share.
- Expected to close Q2 2026, subject to regulatory and stockholder approvals; boards unanimously approved.
- Deal expected to be >5% accretive to first full-year EPS, immediately accretive to tangible book value.
- CEO James Nesci and CFO Kelly Pecoraro entered settlement agreements: $4.311M and $2.601M respectively, with two-year non-compete.
- Fulton will contribute $1.5M to Fulton Forward Foundation for NJ community grants.

## SEC filing metadata
- accession: 0001193125-25-294478
- form_type: 8-K
- cik: 0001846017
- company_name: Blue Foundry Bancorp
- filed_at: 2025-11-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846017/000119312525294478/0001193125-25-294478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846017/000119312525294478/d922774d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-294478
- JSON: https://secwatch.observer/filing/0001193125-25-294478.json
- Plain text: https://secwatch.observer/filing/0001193125-25-294478.txt

## Key facts
- Material Agreements
  Blue Foundry Bancorp entered into Merger Agreement with Fulton Financial Corporation (effective 2025-11-24).
  - Action: entry
  - Agreement: merger
  - Counterparty: Fulton Financial Corporation
  - Effective: 2025-11-24
  source text: On November 24, 2025, Blue Foundry Bancorp, a Delaware corporation (“Blue Foundry”), and Fulton Financial Corporation, a Pennsylvania corporation (“Fulton”), entered into an Agreement and Plan of Merger (the “Merger Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846017/000119312525294478/0001193125-25-294478-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.