GlobeNewswire·Jun 23, 2026, 5:04 PM ET

Columbia Financial, Inc. Announces Preliminary Subscription Offering Results and Increase in Maximum Purchase Limits

CLBK

Columbia Financial, Inc. received over 5,000 orders totaling approximately $925 million in its subscription offering for the second-step conversion of Columbia Bank MHC, which expired on June 16, 2026.
The company increased the maximum purchase limits to 800,000 shares ($8.0 million) for individual subscribers & 5,000,000 shares ($50.0 million) for groups, up from the previous limits of 300,000 shares ($3.0 million) & 1,000,000 shares ($10.0 million).
Only subscribers who previously ordered the maximum number of shares will be resolicited with supplemental forms to purchase additional shares up to the new limits, with a deadline of 2:00 p.m. Eastern time on June 30, 2026.
All other eligible subscribers who submitted valid forms in the initial offering will have their orders filled in full without the need for additional action.
Columbia does not intend to conduct a community offering & will instead sell unsubscribed shares via a firm commitment underwritten offering at $10.00 per share.
Keefe, Bruyette & Woods, Inc. will serve as the lead-left book running manager for the underwritten offering, with Piper Sandler & Co. as co-book running manager & Brean Capital, LLC as co-manager.
Completion of the offering requires approval from current stockholders & members, receipt of final regulatory approvals including an independent appraisal update, & the sale of at least 142,375,000 shares.
The total share count includes up to 61,390,681 shares potentially issued as merger consideration to stockholders of Northfield Bancorp, Inc.
Columbia is a Delaware corporation acting as the mid-tier holding company for Columbia Bank, which operates 70 full-service banking offices in Fair Lawn, New Jersey.