secwatch.observer — SEC 8-K summary
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Issuer:     Blue Foundry Bancorp (—)
CIK:        0001846017
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0001193125-25-294478
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846017/000119312525294478/0001193125-25-294478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846017/000119312525294478/d922774d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-294478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer