Blue Foundry Bancorp Announces Adoption of Initial Stock Repurchase Program

Jul 20, 2022

RUTHERFORD, N.J., July 20, 2022 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, announced that it has adopted a program to repurchase up to 2,852,250 shares of its common stock, which is approximately 10% of its outstanding common stock. This is the Company’s first stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.

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