Lancaster-based Fulton Financial Corp. has completed the merger of Blue Foundry Bank into Fulton Bank, along with the conversion of Blue Foundry Bank’s systems to Fulton Bank’s banking platform.
“We are excited to welcome Blue Foundry Bank customers to Fulton Bank and to provide access to our full suite of products, services, digital platforms and more than 215 financial centers throughout the Mid-Atlantic region,” Curt Myers, chairman, president and CEO of Fulton, said.
The legal merger marks the final step in Fulton’s acquisition of Rutherford, N.J.-based Blue Foundry Bancorp, which closed April 1. The deal expanded the company’s presence in northern New Jersey and created a $34 billion financial services company. Blue Foundry Bank continued operating as a standalone subsidiary until its integration into Fulton Bank.
“By combining our strengths, we are better positioned to serve our customers, support our communities, and drive long-term growth in New Jersey,” Myers said.
As part of the acquisition, Fulton committed $1.5 million through the Fulton Forward Foundation to support nonprofit organizations in New Jersey.