Office Space
Crunching Numbers, On the Move and Breakdown
NUMBERS
$500,000
The amount that South Jersey Gas and Elizabethtown Gas donated to SHARES, a nonprofit that provides help and referral for essential services to those in need.
$85 million
The total in tax credits being purchased by 10 corporations to help boost the New Jersey Innovation Evergreen Fund, following an approval by the New Jersey Economic Development Authority.
$35,000
How much scholarship money that the Executive Women of New Jersey awarded to seven female graduate students.
$75,000
How much the Mastery Schools of Camden will receive from the recently announced third round of Innovation Dual Enrollment Program grants as one of four districts expanding high schoolers’ access to college-level coursework.
How much the Mastery Schools of Camden will receive from the recently announced third round of Innovation Dual Enrollment Program grants as one of four districts expanding high schoolers’ access to college-level coursework.
$15.92
As of Jan. 1, what New Jersey’s statewide hourly minimum wage will be for most employees, reflecting a $0.43 increase.
As of Jan. 1, what New Jersey’s statewide hourly minimum wage will be for most employees, reflecting a $0.43 increase.
$579 million
The estimated all-stock transaction that recently saw Flushing Bank merge with OceanFirst Bank with the latter now representing assets across New Jersey and in select markets in New York.
ON THE MOVE
Cigna Healthcare named Dominic Viglione general manager for its Middle Market group employer business in NY/NJ, supporting clients with 500–2,999 employees. He will report to regional VP Tony Contessa and work with general manager Jeff Berardo, who oversees Cigna Healthcare’s Select segment for employers with fewer than 500 employees.
The Gloucester County Habitat for Humanity recently announced the appointment of Scott Bosley as its new executive director.
The New Jersey Hospital Association (NJHA) has welcomed Eric Kaufmann as the organization’s vice president and executive director of its Health Research and Educational Trust of New Jersey. NJHA has also named Elizabeth Brennan as its assistant vice president of post-acute care.
Stockton University officially welcomed its two newest deans to campus. Elizabeth Throesch is serving as dean of the William T. Daly School of General Studies, while Naima Hall is now the dean of the Office of Graduate and Continuing Studies.
AnewHealth, formerly Tabula Rassa HealthCare, has named Ken Burdick as chairman of the company’s board of directors.
Capehart Scatchard is saying goodbye to two of its shareholders, Stephen T. Fannon and Mary Ellen Rose, who will retire with more than 80 years of combined service to the Mount Laurel law firm.
Breakdown
Fulton Financial Corporation and Blue Foundry Bancorp have announced a definitive merger agreement, pursuant to which Fulton will acquire Blue Foundry in an all-stock transaction.
Fulton Financial Corporation and Blue Foundry Bancorp have announced a definitive merger agreement, pursuant to which Fulton will acquire Blue Foundry in an all-stock transaction.
What Happened: It was announced last month that the boards of directors for both Fulton and Blue Foundry unanimously approved the agreement. Under the agreement’s terms, each share of Blue Foundry common stock will be exchanged for 0.6500 shares of Fulton common stock; based on Fulton’s Nov. 21 share price of $17.96, the transaction is valued at approximately $243 million, or $11.67 per share of Blue Foundry common stock. The transaction is expected to be accretive to first full-year earnings by over 5%, immediately accretive to tangible book value per share and neutral to regulatory capital ratios at close.
What It Means: The November announcement notes that this accelerates Fulton’s growth efforts in New Jersey. “We’re bringing together two community-focused banks with shared values and a strong commitment to making banking personal for each and every customer,” said Curtis J. Myers, Fulton’s chairman and CEO. “The combination of our companies creates an opportunity to leverage Fulton’s robust banking services and provide greater convenience and innovative solutions to an expanded customer base, with a continued focus on supporting our local communities. The expansion in northern New Jersey aligns with our strategy of growing in our local markets and positions us well to drive organic growth across our commercial, consumer, wealth advisory and mortgage businesses.”
What’s Next: The transaction is expected to close in 2026’s second quarter, subject to customary closing conditions that include regulatory approvals and approval by Blue Foundry’s stockholders. Following the closing, Blue Foundry Bank—Blue Foundry’s wholly owned subsidiary—will merge into Fulton Bank, N.A., the wholly owned bank subsidiary of Fulton, with Fulton as the surviving bank. As part of this transaction, Fulton will contribute $1.5 million to the Fulton Forward Foundation, which will be designated to provide impact grants supporting statewide nonprofit organizations.
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Published (and copyrighted) in South Jersey Biz, Volume 16, Issue 1 (January 2026).
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