Fulton Financial Corporation completed its previously announced acquisition of Blue Foundry Bancorp on April 1, 2026. Blue Foundry merged with and into Fulton, with Fulton surviving the merger. Blue Foundry Bank will operate as a separate, wholly owned subsidiary of Fulton until it merges with Fulton Bank, N.A., expected during the summer of 2026 around the time of systems conversion. Each share of Blue Foundry common stock was converted into the right to receive 0.650 of a share of Fulton common stock and cash in lieu of fractional shares. Outstanding Blue Foundry stock options fully vested (if unvested) and were cancelled, converted into a cash payment equal to the product of the number of shares subject to the option multiplied by the excess of $20.99 (Parent Share Closing Price) over the exercise price. Options with an exercise price equal to or greater than $20.99 were cancelled for no consideration. Awards of Blue Foundry common stock subject to vesting or other restrictions were converted into the Merger Consideration. Fulton issued approximately 12,435,599 shares of Fulton Common Stock in connection with the Merger. Fulton will make a $1.5 million contribution to the Fulton Forward Foundation, designated for nonprofit community organizations in New Jersey. Fulton Financial Corporation is now a $34 billion asset financial services company.