Columbia Financial Launches $281M-$769M Stock Offering

Columbia Financial, Inc. has commenced a firm commitment underwritten offering to sell common stock to the general public at $10.00 per share. This offering will sell shares not subscribed for in its second-step conversion subscription offering, which previously raised approximately $1.1 billion. The company expects to sell between $281 million and $769 million of common stock in this public offering, with Keefe, Bruyette & Woods, Inc. serving as the lead-left book running manager. Completion of the second-step conversion remains subject to regulatory approvals and the sale of at least 142,375,000 shares.