FULTON FINANCIAL MERGES ITS BLUE FOUNDRY BANK SUBSIDIARY INTO FULTON BANK, N.A.

Fulton Financial Corporation has announced the merger of Blue Foundry Bank with and into Fulton Bank, N.A., effective July 11, 2026. While the deal value remains undisclosed, the merger signifies a strategic move for Fulton Financial as it integrates Blue Foundry Bank's operations and customer base into its own, enhancing its footprint in the Mid-Atlantic region.

The merger allows former Blue Foundry Bank customers to access a comprehensive suite of products and services offered by Fulton Bank, including its extensive digital platforms and over 215 financial centers. This integration is expected to bolster Fulton Bank's customer service capabilities and enhance its relationship-based banking approach, which has been a cornerstone of its operational philosophy. Curt Myers, Chairman, CEO, and President of Fulton Financial, emphasized the commitment to personalized banking, indicating that the merger is a step toward better serving customers and supporting community growth in New Jersey.

Fulton Financial Corporation, headquartered in Lancaster, Pennsylvania, operates as a premier community banking organization with approximately $34 billion in assets. The company provides a variety of financial services through Fulton Bank, which serves customers across Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. The merger with Blue Foundry Bank follows Fulton’s acquisition of Blue Foundry Bancorp earlier in April 2026, which was accompanied by a $1.5 million contribution to the Fulton Forward® Foundation aimed at supporting nonprofit community organizations in New Jersey.

The banking sector is currently experiencing significant consolidation, driven by the need for financial institutions to enhance their service offerings and operational efficiencies amid increasing competition and regulatory pressures. By merging with Blue Foundry Bank, Fulton Financial is positioning itself to better navigate these challenges while expanding its market share in a region with robust economic potential. The establishment of dedicated support resources for customers during the transition further underscores Fulton's commitment to maintaining high service standards during this period of change.

In conclusion, the merger between Fulton Bank and Blue Foundry Bank reflects broader trends in the financial services industry, where consolidation is becoming increasingly common as banks seek to leverage economies of scale and enhance customer offerings. As Fulton Bank integrates Blue Foundry's operations, it is likely to strengthen its competitive position within the Mid-Atlantic region, ultimately aiming to drive long-term growth and community engagement. The successful execution of this merger may serve as a model for other institutions looking to adapt to the evolving landscape of banking.