Columbia Financial authorizes repurchase of up to 1.8M shares (1.7% of outstanding)

Columbia Financial, Inc.

• Board authorized up to 1,800,000 shares (~1.7% of outstanding common stock).
• Buyback program effective for one-year period; shares may be repurchased via open market, private, or Rule 10b5-1 plans.
• Program follows receipt of non-objection notice from Federal Reserve Bank of Philadelphia.
• Timing and number of shares depend on price, market conditions, corporate and regulatory requirements.
• Program does not obligate company to purchase any shares; may be suspended or discontinued at any time.