M&A
confidence high
sentiment positive
materiality 0.90
Columbia Financial receives stockholder and depositor approval for conversion and Northfield acquisition
Columbia Financial, Inc.
- Stockholders approved Plan of Conversion and Reorganization and acquisition of Northfield Bancorp at June 25, 2026 annual meeting.
- Depositors of Columbia Bank MHC approved the conversion at a special meeting on June 29, 2026.
- Subscription offering received approximately $1.1 billion, excluding ESOP, with resolicitation concluding June 30, 2026.
- Firm commitment underwritten offering expected week of July 6, 2026 at $10 per share; Keefe Bruyette & Woods leads.
- Completion requires final regulatory approvals and sale of at least 142,375,000 shares including Northfield merger consideration.
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Selected #3 for 2026-07-02.
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