Item 8.01. Other Events

On April 18 , 2023, the Board of Directors of Blue Foundry Bancorp (the "Company") adopted its second stock repurchase program since becoming a public company. The second stock repurchase program will be implemented upon completion of its existing stock repurchase program, which has approximately 128,271 shares of Company common stock remaining to be repurchased. Under the new repurchase program, the Company may repurchase up to 1,335,126 shares of its common stock, or approximately 5% of its current outstanding shares. The Company has received regulatory non-objection for this new stock repurchase program.

Shares of Company common stock may be repurchased in open market or private transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The new repurchase program has no expiration date.

The timing and amount of share repurchases under the new repurchase program may be suspended, terminated or modified by the Company at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.

A copy of the press release announcing the stock repurchase program is included as exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Businesses Acquired. Not applicable.

(b) Pro Forma Financial Information. Not applicable.

(c) Shell Company Transactions. Not applicable.





(d) Exhibits.



 Exhibit No.  Description

99.1 Press Release dated April 24, 2023

104 Cover Page Interactive Data File (embedded within Inline XBRL document)

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