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Blue Foundry Bank Hires Alex Malkiman as Executive Vice President and Chief Technology Officer

RUTHERFORD, NJ – June 21, 2022 –Blue Foundry Bancorp (Nasdaq: BLFY) (the “Company”), announced today that Alex Malkiman has been named as the Executive Vice President and Chief Technology Officer of Blue Foundry Bank (the “Bank”), a financial institution that offers a full service, crafted banking experience.

amalkiman@bluefoundrybank.com

Mr. Malkiman joins the Bank from CIFC Asset Management in New York, where he served as the Executive Director and Head of IT Infrastructure and Security. There, he worked closely with senior management to identify challenges around infrastructure and applications support and developed an infrastructure and public cloud strategy for the company.

In his new role, Mr. Malkiman will work with the Bank’s executive leadership team to develop its technology and product vision and strategy, ensuring alignment with the Bank’s ambitious business objectives.

“We’re thrilled to welcome Alex to the Blue Foundry Bank family,” said James D. Nesci, President & CEO at the Bank. “His deep experience in the technology and engineering space will prove invaluable as we continue to push the boundaries on a bold, revolutionary approach to banking.”

“I am grateful for the opportunity to help mold the future of such a rapidly growing, community-oriented bank,” said Mr. Malkiman. “I’m excited to work with such an innovative and dedicated team, and look forward to lending my expertise towards creating a best-in-class experience for Blue Foundry’s Bank customers and employees.”

Malkiman earned a Bachelor of Science in Computer and Information Science from Brooklyn College, and later went on to earn a MBA in Information Systems Management and Financial Management from the Lubin School of Business a Pace University.

About Blue Foundry Bancorp and Blue Foundry Bank Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted. Headquartered in Rutherford NJ, with presence in Bergen, Essex, Hudson, Morris, Passaic and Somerset counties, Blue Foundry Bank is a full-service, progressive bank serving the doers, movers, and shakers in our communities. We offer individuals and businesses alike the tailored products and services they need to build their futures. With a rich history dating back more than 145 years, Blue Foundry Bank has a longstanding commitment to its customers and communities. To learn more about Blue Foundry Bank visit BlueFoundryBank.com or call (888) 931-BLUE. Member FDIC.

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