Columbia Financial, Inc. has commenced a firm commitment underwritten offering to sell shares of common stock not subscribed for in its second-step conversion subscription offering to the general public at $10.00 per share. The subscription offering, which concluded on June 30, 2026, received approximately $1.1 billion in orders, excluding shares to be issued to Columbia Bank's employee stock ownership plan. The company expects to sell between approximately $281 million and $769 million of its common stock in the firm commitment underwritten offering. Keefe, Bruyette & Woods, Inc., A Stifel Company, will serve as the lead-left book running manager, Piper Sandler & Co. will act as co-book running manager, and Brean Capital, LLC will act as co-manager. Completion of the second-step conversion remains subject to receipt of all required final regulatory approvals, including the final independent appraisal, and the sale of at least 142,375,000 shares of common stock, including shares that may be issued as merger consideration to stockholders of Northfield Bancorp, Inc.
Columbia Financial IncColumbia Financial is conducting a firm commitment underwritten offering to sell shares, raising capital for its second-step conversion.
Columbia Banking System Inc
Northfield Bancorp Inc
Piper Sandler Companies