Fulton Financial Corporation (FULT) and Blue Foundry Bancorp (BLFY) jointly announced the receipt of all required regulatory approvals for the previously announced all-stock transaction pursuant to which Fulton will acquire Blue Foundry. Regulatory approvals have been granted by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Blue Foundry’s stockholders approved the transaction on January 29, 2026. The transaction was announced on November 24, 2025 an ...

LANCASTER, Pa. and RUTHERFORD, N.J., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Fulton Financial Corporation (Nasdaq: FULT) (“Fulton”) and Blue Foundry Bancorp (Nasdaq: BLFY) (“Blue Foundry”) today jointly announced the receipt of all required regulatory approvals for the previously announced all-stock transaction pursuant to which Fulton will acquire Blue Foundry. Regulatory approvals have been granted by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Blue Fo ...

Key TakeawaysPresident Trump is weighing a "limited military strike" on Iran to force a nuclear deal, as the U.S. assembles its largest air power concentration in the Middle East since 2003.The Federal Reserve approved Fulton Financial Corporation's (FULT) acquisition of Blue Foundry Bancorp (BLFY), a move set to create a $34 billion community banking powerhouse by mid-2026.Trump labeled steel tariffs a "game-changer" for domestic industry, even as trade officials signal potential "adjustments" to ease comp ...

Core Viewpoint - The proposed sale of Blue Foundry Bancorp to Fulton Financial Corporation is under investigation to assess whether the transaction adequately values Blue Foundry and the process leading to this valuation [1]. Group 1: Transaction Details - Shareholders of Blue Foundry Bancorp will receive 0.65 shares of Fulton Financial Corporation for each share they own in Blue Foundry as part of the proposed transaction [1]. Group 2: Legal Investigation - Kahn Swick & Foti, LLC is investigating the proposed sale to determine if the consideration offered is adequate or if it undervalues Blue Foundry Bancorp [1]. - The firm is inviting shareholders who believe the transaction undervalues the company to discuss their legal rights regarding the proposed sale [2].

Merger Agreements and Investigations - Repare Therapeutics Inc. will be acquired by XenoTherapeutics, Inc. and Xeno Acquisition Corp., with shareholders expected to receive US$1.82 per Common Share and a contingent value right for additional cash payments [2] - Axalta Coating Systems Ltd. is set to be acquired by Akzo Nobel N.V., where shareholders will receive 0.6539 shares of Akzo Nobel stock for each share of Axalta Coating common stock [4] - Blue Foundry Bancorp will be acquired by Fulton Financial Corporation, with each share of Blue Foundry common stock exchanged for 0.6500 shares of Fulton common stock, valuing the transaction at approximately $243 million or $11.67 per share [6] - Golden Entertainment, Inc. will be acquired in a sale-leaseback transaction, with stockholders receiving total consideration of $30.00, including a fixed exchange ratio of 0.902 shares of VICI common stock and a cash distribution of $2.75 per share [8] Investigations on Fiduciary Duties - Investigations are ongoing regarding whether the boards of Repare Therapeutics, Axalta Coating, Blue Foundry Bancorp, and Golden Entertainment breached their fiduciary duties by failing to conduct a fair process in the merger agreements [2][4][6][8]

Core Points - Class Action Attorney Juan Monteverde's firm, Monteverde & Associates PC, is investigating Blue Foundry Bancorp's sale to Fulton Financial Corporation, where Blue Foundry shareholders are expected to receive 0.65 shares of Fulton Financial common stock for each Blue Foundry share [1] Group 1 - Monteverde & Associates PC has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm is headquartered in the Empire State Building, New York City, and has a successful track record in trial and appellate courts, including the U.S. Supreme Court [2] - The firm offers free consultations for shareholders concerned about the proposed transaction [3]

Core Insights - Fulton Financial Corp. (FULT) has agreed to acquire Blue Foundry Bancorp (BLFY) in an all-stock transaction valued at approximately $243 million [1][7]. Transaction Details - Fulton will exchange 0.6500 shares for each share of Blue Foundry, with the merger agreement approved by the boards of both companies [2]. - The deal is expected to close in the second quarter of 2026, pending regulatory approvals and Blue Foundry's shareholder consent [3]. - Upon completion, Blue Foundry Bank will merge into Fulton Bank, N.A., and Fulton will contribute $1.5 million to the Fulton Forward Foundation for community grants in New Jersey [3]. Strategic Rationale - The acquisition accelerates Fulton's expansion in the northern New Jersey market and is projected to increase first full-year earnings by over 5% [4]. - The deal is expected to enhance tangible book value per share immediately while maintaining regulatory capital ratios at closing [4]. - Fulton aims to leverage its banking services to provide greater convenience and innovative solutions to a larger customer base, aligning with its strategy for organic growth across various business segments [5]. Market Performance - Fulton's shares have declined by 18.2% over the past year, compared to an 8.7% decline in the industry [6].

Merger Investigations - Axalta Coating Systems Ltd. is set to be acquired by Akzo Nobel N.V., with shareholders receiving 0.6539 shares of AkzoNobel for each share of Axalta owned. The investigation focuses on whether the Axalta Board breached its fiduciary duties by not conducting a fair process and whether the deal provides fair value to shareholders [2] - Green Dot Corporation will be acquired by Smith Ventures and CommerceOne Financial Corporation for $8.11 in cash and 0.2215 shares of the new bank holding company. The investigation examines if the Green Dot Board failed in its fiduciary duties regarding the fairness of the deal [4] - Blue Foundry Bancorp is being acquired by Fulton Financial Corporation, with each share of Blue Foundry exchanged for 0.6500 shares of Fulton. The transaction is valued at approximately $243 million, or $11.67 per share, and the investigation looks into the Blue Foundry Board's fiduciary duties and the fairness of the deal [6] - Golden Entertainment, Inc. will be acquired in a sale-leaseback transaction, with stockholders receiving a total of $30.00, including a fixed exchange ratio of 0.902 shares of VICI common stock and a cash distribution of $2.75. The investigation concerns whether the Golden Entertainment Board breached its fiduciary duties in the deal process [8]

Core Points - The Ademi Firm is investigating Blue Foundry for potential breaches of fiduciary duty related to its transaction with Fulton Financial [1] - Blue Foundry shareholders will receive 0.6500 shares of Fulton common stock for each share, valuing Blue Foundry at $11.67 per share based on Fulton's share price of $17.96 [2] - The transaction agreement imposes significant penalties for accepting competing bids, raising concerns about the Blue Foundry board's fiduciary duties [3] Company Specifics - The transaction values Blue Foundry at approximately $11.67 per share, indicating a significant valuation based on the exchange ratio with Fulton Financial [2] - Blue Foundry insiders are set to receive substantial benefits as part of the change of control arrangements, which may raise questions about the fairness of the deal for public shareholders [2] Legal and Regulatory Concerns - The investigation focuses on whether the Blue Foundry board is fulfilling its fiduciary duties to all shareholders, particularly in light of the penalties imposed on competing bids [3] - The Ademi Firm specializes in shareholder litigation involving mergers and buyouts, indicating a broader context of scrutiny in similar transactions [4]

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Blue Foundry Bancorp (NASDAQ: BLFY) to Fulton Financial Corporation, specifically whether the exchange of 0.65 shares of Fulton Financial for each share of Blue Foundry is equitable for shareholders [1][3]. Investigation Details - The investigation focuses on potential violations of federal securities laws and breaches of fiduciary duties by Blue Foundry's board, including failure to secure the best possible consideration for shareholders, assessing whether Fulton Financial is underpaying, and not disclosing all material information necessary for shareholders to evaluate the merger [3][4]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other forms of relief related to the proposed transaction [4]. Legal Rights and Options - Blue Foundry shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options regarding the merger [2][4].