AcquisitionsMay 11, 2026, 04:12 PM
Columbia Financial to Offer Stock for Conversion & Northfield Acquisition
AI Summary
Columbia Financial, Inc. announced that it expects to commence its common stock offering on or about May 21, 2026. This offering is in connection with the proposed conversion of Columbia Bank MHC to a stock holding company form of organization. The company has also received conditional regulatory approval to acquire Northfield Bancorp, Inc. immediately upon the completion of this second-step conversion. Columbia Financial, Inc. is offering up to 192,625,000 shares at $10.00 per share, with a minimum sale requirement of 142,375,000 shares to complete the conversion and offering.
Key Highlights
- Columbia Financial, Inc. expects to commence common stock offering on or about May 21, 2026.
- Offering is for the proposed conversion of Columbia Bank MHC to a stock holding company.
- Conditional regulatory approval received for the acquisition of Northfield Bancorp, Inc. upon conversion.
- Up to 192,625,000 shares offered at $10.00 per share on a best efforts basis.
- Minimum of 142,375,000 shares must be sold to complete the conversion and offering.
- Shares issued to Northfield stockholders can count towards the minimum share requirement.
- Subscription offering for eligible depositors, borrowers, and the Bank's ESOP.
- Keefe Bruyette & Woods, Inc. is acting as marketing agent and lead book-running manager.