Columbia Financial completed its second-step conversion offering, raising $1.67 billion through the sale of 167.2 million shares at $10 per share. The company will immediately proceed with acquiring Northfield Bancorp for $580 million in aggregate merger consideration. Both transactions are scheduled to close on July 20, 2026, with trading expected to commence on July 21, 2026 under ticker symbol CLBK.

Columbia Financial announced that stockholders and depositors approved its conversion from mutual holding company to fully public stock holding company form, along with its simultaneous acquisition of Northfield Bancorp. The company received approximately $1.1 billion in subscription offerings and plans to commence a firm commitment underwritten offering in early July 2026 at $10.00 per share.

Columbia Financial and Northfield Bancorp have announced the mailing of merger consideration election materials to Northfield stockholders, allowing them to elect to receive either Columbia Financial holding company stock, cash, or a combination of both upon merger completion. The deadline for elections is July 10, 2026. The merger exchange ratio and cash consideration are contingent on the appraised full conversion value of Columbia's holding company, with a special stockholder meeting scheduled for June 26, 2026.

Columbia Financial, Inc. announced the commencement of its second-step conversion offering on May 21, 2026, offering up to 192.6 million shares at $10.00 per share. The company has received all regulatory approvals for the conversion and conditional approval to acquire Northfield Bancorp, Inc. A minimum of 142.4 million shares must be sold to complete the conversion.

Investor rights law firm Halper Sadeh LLC is investigating four companies for potential securities law violations and fiduciary duty breaches related to corporate transactions: Stellar Bancorp's sale to Prosperity Bancshares, Columbia Financial's merger with Northfield Bancorp, and Ventyx Biosciences' acquisition by Eli Lilly. The firm is seeking increased consideration for shareholders and additional disclosures.

Monteverde & Associates PC, a securities class action firm, has announced an investigation into Northfield Bancorp, Inc. (NASDAQ: NFBK) regarding its merger with Columbia Financial, Inc. The firm is questioning whether the deal represents a fair transaction for shareholders and is seeking shareholders with concerns to contact them for additional information.

Columbia Financial (NASDAQ:CLBK) has agreed to acquire Northfield Bancorp (NASDAQ:NFBK) in a transaction valued at approximately $597 million. The merger will create the third largest regional bank headquartered in New Jersey with pro forma total assets of $18 billion. Columbia will simultaneously complete a second-step conversion, raising capital at $10.00 per share. The merger is expected to be 50% accretive to Columbia's 2027 earnings per share and is anticipated to close in early Q3 2026.

The Federal Home Loan Bank of New York announced the results of its 2024 Board of Directors election. Four directors were re-elected or elected, including Mr. Steven M. Klein, Mr. Stephen S. Romaine, Mr. Charles E. Kilbourne, III, and Ms. Ghillaine A. Reid.

Mitsubishi UFJ (MUFG) progresses on share repurchase activities under its 80 million buyback program. Given its strong balance sheet and liquidity position, this looks sustainable.

First Western Financial (MYFW) rewards shareholders with a new share repurchase program. The plan authorizes the buyback of up to 2 million shares for a year.

Northfield Bancorp (NFBK) announces a new share repurchase program worth $10 million, with no set expiration date. Its strong liquidity position is expected to help sustain the capital distributions.

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