GlobeNewswire·Jul 1, 2026, 6:35 PM ET

Columbia Financial, Inc. Announces Receipt of Stockholder and Depositor Approvals of Pending Second Step Conversion and Updated Results of Subscription Offering

Columbia Financial, Inc. stockholders approved the Plan of Conversion to transform Columbia Bank MHC into a fully public holding company and approved the simultaneous acquisition of Northfield Bancorp, Inc. on June 25, 2026.
Columbia Bank depositers approved the Conversion at a Special Meeting of Members held on June 29, 2026.
The Company received approximately $1.1 billion in orders for the subscription offering, excluding the Employee Stock Ownership Plan, after the initial offering expired on June 16, 2026, and a resolicitation concluded on June 30, 2026.
A firm commitment underwritten offering is expected to commence during the week of July 6, 2026, to sell remaining shares at $10.00 per share.
Keefe, Bruyette & Woods, Inc. will serve as the lead-left book running manager, with Piper Sandler & Co. as co-book running manager and Brean Capital, LLC as co-manager for the underwritten offering.
Completion of the Conversion is subject to receiving final regulatory approvals, including a final independent appraisal, and selling at least 142,375,000 shares of common stock.
Columbia Financial, Inc. is a Delaware corporation acting as the mid-tier holding company, while the successor Maryland corporation will take over upon closing the Conversion.
Columbia Bank operates 70 full-service banking offices in Fair Lawn, New Jersey.