Blue Foundry Bancorp
bluefoundrybank.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2025 10-K, filed Mar 31, 2026. Its latest SEC filing is a SCHEDULE 13G/A from Aug 14, 2026.
10-K for FY2025, filed Mar 31, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Provides real-estate and business loans and deposit accounts to consumers and businesses in northern New Jersey.
10-K for FY2025, filed Mar 31, 2026
How Did They Make Money?
Earns revenue primarily from interest on loans, with additional interest from mortgage-backed and other investment securities; it also earns deposit-service charges and interchange income.
10-K for FY2025, filed Mar 31, 2026
$95.3M
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10-K for FY2025, filed Apr 1, 2026
$95.3M ↗
Who Were Their Customers?
It lends to consumers, property owners and businesses in its northern New Jersey market, and attracts retail deposits from the public through its offices, borrowers and online presence.
10-K for FY2025, filed Mar 31, 2026Blue Foundry Bank’s principal business consists of originating residential, multifamily and commercial real estate mortgages, construction…View ↗
Our market area is primarily northern New Jersey. As of December 31, 2025, the Bank operates 20 full service banking offices in Bergen…View ↗
We believe that we have developed products and services that meet the financial needs of our current and future customer base; however, we…View ↗
Did Revenues Turn Into Profits?
No. It lost $10M in FY2025.
10-K for FY2025, filed Apr 1, 2026
10-K for FY2025, filed Apr 1, 2026
−$10MView ↗
How Were They Changing?
-
Apr 1, 2026
Fulton completed its merger with Blue Foundry
Each Blue Foundry share converted to a right to receive 0.650 of a Fulton share; Blue Foundry stock was delisted.
Sources
8-K, filed Apr 1, 2026
Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of common stock…View ↗
Grew. Revenue grew 70% in 4 years, from $56.1M in FY2021 to $95.3M in FY2025, about 14% a year.
Greater commercial lending emphasis
The earlier report emphasized residential and multifamily mortgages while also describing commercial real estate and business lending; the latest says the Bank has shifted toward more commercial-like lending, including commercial mortgages, construction and business loans.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 31, 2026Historically, our lending activities have emphasized one-to-four family residential real estate loans and multifamily housing loans, and…View ↗
Historically, our lending activities have emphasized residential real estate loans and multifamily housing loans, and such loans continue…View ↗
Changed consumer loan sourcing
Consumer lending shifted from mostly home-equity loans and lines of credit to mostly purchased or participated loans to professionals sourced through a national company.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 31, 2026Junior Liens and Consumer Loans. We offer consumer loans to customers residing in New Jersey. Our consumer loans and junior liens consist…View ↗
Consumer Loans. Our consumer loans consist primarily of purchases and a consumer loan participation that was entered into during 2024. At…View ↗
We participate or purchase consumer loans from a national company that specializes in loans to professionals. In underwriting the loans, we…View ↗
In addition, the Company acquired $137.8 million and $8.0 million in consumer loans during 2025 and 2024, respectively. The consumer loan…View ↗
Who Did They Compete With?
Competes with Bank of America, JP Morgan Chase, Wells Fargo, Citi, TD Bank, M&T Bank, and PNC Bank
10-K for FY2025, filed Mar 31, 2026We face significant competition for deposits and loans. Our most direct competition for deposits has come historically from the numerous…View ↗
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