Blue Foundry Bancorp (the “Company”) is a Delaware corporation and the holding company for Blue Foundry Bank, a New Jersey-chartered stock savings bank headquartered in Rutherford, New Jersey, with a presence in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset and Union Counties in New Jersey.
Blue Foundry Bank was formed in 1939 as Boiling Springs Savings & Loan Association through the combination of the Rutherford Mutual Loan and Building Association (which had been founded in 1876 to provide thrift and home financing services to a growing community) and the East Rutherford Savings, Loan and Building Association.
In 1999, the Bank reorganized into the mutual holding company form of organization and in 2019, the Bank’s name was changed to Blue Foundry Bank. In 2021, Blue Foundry Bank’s mutual holding company, Blue Foundry, MHC, was converted to the stock holding company form of organization after which Blue Foundry Bank became the wholly-owned subsidiary of the Company.