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Fulton Bank is cutting jobs in Parsippany with layoffs coming in the wake of its approximately $243 million acquisition of Blue Foundry Bank, which closed last month.

According to a WARN notice, Lancaster, Pa.-based Fulton will eliminate 95 positions in the Morris County municipality.

The layoffs will hit in two tranches, July 31 and Oct. 2, 2026, according to the state filing.

Blue Foundry Bank, formerly headquartered in Parsippany, became part of the Pennsylvania regional bank April 1. In addition to establishing a $34 billion financial services company, the purchase also expands Fulton’s presence in the “important” North Jersey market.

“Following the acquisition of Blue Foundry Bancorp, Fulton leadership conducted a thoughtful review of corporate and support positions and determined there were role redundancies and unfortunately, position eliminations were necessary,” a bank spokesperson shared with NJBIZ via email. “We are committed to helping each person impacted by a position elimination with outplacement services and severance packages above the legally required minimum.

“Fulton remains a strong, stable organization, deeply focused on serving our customers, supporting our communities, and positioning the company for long-term success,” the statement closed.

Fulton Chairman, CEO and President Curtis Myers also commented on the acquisition’s impact along with the financial institution’s Q1 2026 results, released April 22.

“Our first quarter results reflect steady, solid profitability driven by disciplined execution of our strategy,” said Myers. “The Blue Foundry Bancorp acquisition expands our presence in northern New Jersey and meaningfully advances our business objectives. We are pleased to welcome Blue Foundry Bank’s team members and customers to Fulton. Our focus now turns to a seamless integration, a smooth customer transition, and the continued delivery of positive operating leverage and successful strategic outcomes.”

Blue Foundry will continue as a separate, wholly owned subsidiary until a larger merger of operations, systems and accounts expected this summer.

Across the two banners, Fulton has more than 3,500 employees and operates more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware and Virginia.