Columbia Financial secures stockholder and depositor approvals for second-step conversion

GlobeNewswire··Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Columbia Financial announced that its stockholders approved the plan to convert Columbia Bank MHC from a mutual holding company to a fully public stock holding company, and also approved the acquisition of Northfield Bancorp, which will close simultaneously with the conversion. Depositors of Columbia Bank approved the conversion at a special meeting on June 29, 2026. The subscription offering, including a resolicitation that concluded June 30, 2026, generated approximately $1.1 billion in orders, excluding the employee stock ownership plan. A firm commitment underwritten offering for unsold shares at $10.00 per share is expected to begin the week of July 6, 2026, led by Keefe, Bruyette & Woods. Completion remains subject to final regulatory approvals and the sale of at least 142,375,000 shares at the adjusted minimum of the offering range.

Impact on assets 3

Financials▲ · 3 stocks
Columbia Financial Inc
CLBK
▲ PositiveCapitalrelevance

Stockholder and depositor approvals for second-step conversion and acquisition of Northfield Bancorp, with $1.1B in orders, moving toward full public listing.

Northfield Bancorp Inc
NFBK
▲ PositiveCapitalrelevance

Acquisition by Columbia Financial approved, to close simultaneously with conversion.

Off-coverage companies 2

Columbia Bank MHCPrivate▲ Positive
Capitalrelevance

Conversion from mutual holding company to fully public stock holding company approved.

Keefe, Bruyette & WoodsPrivate± Mixed
relevance

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