AcquisitionsJul 1, 2026, 06:37 PM
Columbia Financial Stockholders Approve Conversion, Northfield Acquisition
AI Summary
Columbia Financial, Inc. announced that its stockholders and depositors approved the Plan of Conversion and Reorganization, transitioning from a mutual holding company to a fully public stock holding company. Simultaneously, stockholders approved the acquisition of Northfield Bancorp, Inc. The company successfully raised approximately $1.1 billion in its subscription offering and plans a firm commitment underwritten offering for remaining shares at $10.00 each during the week of July 6, 2026.
Key Highlights
- Stockholders approved the Plan of Conversion and Reorganization.
- Stockholders approved the acquisition of Northfield Bancorp, Inc.
- Depositors of Columbia Bank MHC approved the Conversion.
- Subscription offering raised approximately $1.1 billion.
- Firm commitment underwritten offering for unsold shares at $10.00 per share expected week of July 6, 2026.
- Conversion requires regulatory approvals and sale of at least 142,375,000 shares.
Price Impact
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