Blue Foundry Bancorp Announces Adoption of Third Stock Repurchase Program

RUTHERFORD, N.J., Aug. 17, 2023 (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 1,268,382 shares of its common stock, which is approximately 5% of its outstanding common stock. This is the Company’s third stock repurchase program since completing its mutual-to-stock conversion and related stock offering in July 2021.