A newly formed holding company for the Bank, is commencing its stock offering in connection with the conversion of Blue Foundry, MHC from the mutual holding company to the stock holding company form of organization. The Bank also announced that the registration statement for the sale of the Company’s common stock has been declared effective by the Securities and Exchange Commission and that the approvals required to commence the offering have been received, including the approvals of the New Jersey Department of Banking and Insurance (the “NJDOBI”) and the Board of Governors of the Federal Reserve System (the “FRB”).
