Blue Foundry Bancorp and Blue Foundry Bank Announces Resignation of Daniel Chen as Executive Vice President, Effective September 30, 2021
July 29, 2021 at 04:21 pm
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On July 28, 2021, Daniel Chen, Executive Vice President of Blue Foundry Bancorp and its wholly owned subsidiary, Blue Foundry Bank (collectively, the “Company”), notified the Company of his intention to resign his positions with the Company in order to pursue an employment opportunity outside of community banking. He is expected to remain with the Company through September 30, 2021 to assist in transitioning.
Blue Foundry Bancorp is a holding company for Blue Foundry Bank (the Bank). The Bank is a chartered stock savings bank. The Bank's principal business consists of originating one-to-four family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, construction, and commercial and industrial loans in its principal market and surrounding areas. In addition, it often lends outside of its branch network in more densely populated and metropolitan areas, adding diversification to its loan portfolio. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a variety of deposit products. It also invests in securities. Its primary sources of funds are deposits, principal and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York. It operates over 20 full-service banking offices in New Jersey.
BLUE FOUNDRY BANCORP 
