Columbia Financial wins Fed, OCC approval to buy Northfield Bancorp after conversion
Northfield Bancorp, Inc. NFBK | 0.00 | |
Columbia Financial, Inc. CLBK | 0.00 |
- Columbia Financial plans to buy Northfield Bancorp and Northfield Bank immediately upon completion of its second-step conversion from mutual holding company to stock holding company.
- Federal Reserve and Office of the Comptroller of the Currency granted conditional clearance for the acquisition.
- Deal timing is tied to a stock offering expected to start on or about May 21, with up to 192,625,000 shares priced at USD 10 per share.
- Conversion requires sale of at least 142,375,000 shares, with any shares issued to Northfield holders in the acquisition eligible to count toward that minimum.
- Closing remains subject to Columbia Financial shareholder approval and MHC member approval, plus customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbia Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001723596-26-000021), on May 11, 2026, and is solely responsible for the information contained therein.
