Blue Foundry Bank Branch Planned for Downtown Jersey City

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Blue Foundry Bank 123 Montgomery Street Jersey City
Rutherford-based Blue Foundry Bank plans to open at 123 Montgomery Street, formerly Gotham Deli & Bakery, in Paulus Hook, Jersey City. Photo via Google Maps/Street View.

A regional bank with locations throughout suburban Northern New Jersey is planning to expand into Hudson County.


Rutherford-based Blue Foundry Bank submitted an application with the Federal Deposit Insurance Corporation in order to open a branch in Downtown Jersey City, according to a public notice. The location would be situated within The Gotham at 255 Warren Street in Paulus Hook, but it would reportedly use 123 Montgomery Street as its address.

The address in question was previously used by Gotham Deli & Bakery.

Blue Foundry Bank was known for eight decades as Boiling Springs Savings Bank, but the company announced a name change in 2019 and said on its website that this was “because we no longer want to be looked at as simply a savings bank.”

The bank’s application regarding the proposed Jersey City branch was received on December 22, 2020, according to FDIC filings. Blue Foundry Bank’s existing branches are all in suburban parts of Bergen, Essex, Morris, and Passaic counties.

The company is one of several suburban New Jersey businesses to have either expanded to neighborhoods near the Hudson River waterfront in recent years or announced plans to do so with others including Ani Ramen, CoolVines, O’Bagel, Pastrami House Delicatessen, and The Committed Pig.

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