Blue Foundry Bancorp announces 1.2M share stock repurchase program

Blue Foundry Bancorp announced that it has adopted a program to repurchase up to 1,203,545 shares of its common stock, which is approximately 5% of its outstanding common stock. This is the company’s fourth stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021. Since announcing its first stock repurchase program on July 20, 2022, the company has repurchased 5,409,022 shares. As of February 26, there were 46,736 shares remaining to be repurchased under the third plan. The fourth plan will commence immediately upon the completion of the third plan.