Blue Foundry Bancorp (BLFY)

9.30 +0.09 (+0.98%) At close: 04:00PM EDT

Blue Foundry Bancorp

19 Park Avenue
Rutherford, NJ 07070
United States
201-939-5000
https://www.bluefoundrybank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 179

Key executives

Name	Title	Pay	Exercised	Year born
Mr. James D. Nesci	President, CEO & Director	957.47k	N/A	1972
Ms. Kelly Pecoraro	Executive VP & CFO	460.31k	N/A	1970
Mr. Aleksander Malkiman	Executive VP & Chief Technology Officer	N/A	N/A	1976
Ms. Elyse D. Beidner	Executive VP, Chief Legal Officer & Corporate Secretary	N/A	N/A	1954
Ms. Acela Roselle	Executive VP & Human Resources Director	N/A	N/A	1961
Mr. Thomas R. Packwood	Senior VP & Chief Audit Executive	N/A	N/A	1966
Mr. Robert C. Rowe	Executive VP & Chief Risk Officer	N/A	N/A	1961

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses in the United States. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.

Corporate governance

Blue Foundry Bancorp’s ISS governance QualityScore as of 1 May 2024 is 5. The pillar scores are Audit: 3; Board: 3; Shareholder rights: 5; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.