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|8-KFeb 23, 8:42 AM ET

FULTON FINANCIAL CORP 8-K

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Fulton Financial Announces Merger With Blue Foundry; Approvals Secured

What Happened
Fulton Financial Corporation (FULT) and Blue Foundry Bancorp announced on February 23, 2026 (press release attached to the 8-K) that they have received all required regulatory approvals for their previously announced all‑stock merger. The Board of Governors of the Federal Reserve approved the merger on February 19, 2026; Fulton had already received approval for the related bank merger from the Office of the Comptroller of the Currency. Under the deal (Agreement and Plan of Merger dated November 24, 2025), Blue Foundry will merge into Fulton (Fulton survives), and Blue Foundry Bank will later merge into Fulton Bank around the time of systems conversion. Fulton and Blue Foundry expect to close the Merger on or about April 1, 2026, subject to customary closing conditions.

Key Details

  • Transaction type: all‑stock merger of Blue Foundry into Fulton; Fulton to be the surviving parent company.
  • Regulatory approvals: Fed approval received Feb 19, 2026; OCC approval for the bank merger previously obtained.
  • Timing: Merger expected to close on or about April 1, 2026; bank-level merger (Blue Foundry Bank into Fulton Bank) to occur after systems conversion.
  • Filing: Joint press release dated Feb 23, 2026 filed as Exhibit 99.1 to the Form 8‑K.

Why It Matters
This is a material corporate combination for investors: the companies have cleared regulatory hurdles and set an expected close date, advancing integration and anticipated strategic/financial benefits described in the filing. The 8‑K also includes standard forward‑looking cautions and specific risk factors called out by the companies — including possible delays or challenges in realizing cost or revenue synergies, integration and systems conversion risks, potential dilution from Fulton’s stock issuance, and the possibility that closing conditions could prevent or delay completion. Investors should monitor updates around the April 2026 close and any disclosures about integration plans, expected financial impact, and timing of the bank conversion.