Blue Foundry Bancorp: insider trades · United States · SEC (Form 4)

About Blue Foundry Bancorp

Blue Foundry Bancorp is a U.S.-listed bank holding company traded on the NASDAQ under the ticker BLFY. It is the parent company of Blue Foundry Bank, a New Jersey-chartered stock savings bank headquartered in Rutherford, New Jersey, in the United States. For international investors, this is best viewed as a regional banking franchise rather than a national banking platform, with a business footprint concentrated in northern and central New Jersey. The institution traces its roots back to 1939, when two Rutherford savings associations combined to form Boiling Springs Loan & Building Association, and those roots extend further to an even older local building association founded in 1876 to support thrift and home financing in the community. The Blue Foundry brand was introduced in 2019 to refresh the bank’s identity, and in 2021 the mutual holding company structure was converted into a stock holding company, creating the current listed parent. That history matters because it shapes the company’s strategic identity: local banking, relationship lending, and a strong emphasis on community presence and deposit gathering. Blue Foundry offers a broad mix of personal and business banking services, including checking and savings accounts, CDs, money market accounts, IRAs, debit and credit cards, digital banking, and cash management tools. On the lending side, the company’s core products include residential mortgages, home equity lines of credit, commercial real estate loans, construction loans, commercial and industrial lending, SBA lending, and business loans. It also highlights affordable mortgage programs designed to support homeownership in selected New Jersey communities, reinforcing its community-oriented positioning. Competitive dynamics are typical of a Northeast regional bank: Blue Foundry competes with both local community banks and much larger national institutions. Its relative strengths are local market knowledge, high-touch service, and specialization in real estate and small-business lending, while its scale is modest compared with larger peers. Geographically, the bank’s presence spans counties such as Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset, and Union. Recent developments have been significant. In 2025, the company reported quarterly results that still showed net losses, although the quarterly trend improved over the year. More importantly, in 2026 Blue Foundry Bancorp announced and then completed its acquisition by Fulton Financial Corporation, a major strategic event that materially changes the company’s outlook and effectively ends its life as an independent listed micro/regional bank. Prior to that deal, BLFY was followed primarily by investors focused on U.S. regional banking trends, net interest margin, credit quality, and sector consolidation.