Columbia Financial, Inc. Announces Completion of Second Step Conversion and $1.7 Billion Stock Offering and Acquisition of Northfield Bancorp, Inc.

Columbia Financial completed its second-step conversion from mutual holding company to public company, raising $1.7 billion through a stock offering at $10 per share. Simultaneously, Columbia completed its merger with Northfield Bancorp in an all-stock and cash transaction valued at $580 million. The combined entity now has $18.0 billion in total assets, $12.5 billion in deposits, and over 100 branch offices across New Jersey, Staten Island, and Brooklyn.