Columbia Financial, Inc. Announces the Results of Its Offering; Final Merger Consideration; and Anticipated Closing Date

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• Shares of common stock are expected to begin trading on the Nasdaq Global Select Market on July 21, 2026 under the symbol 'CLBK'.

  60% confidence

• The transactions are scheduled to close on July 20, 2026, at which time Columbia Bank MHC will cease to exist, the Company will become a fully public company, and the Northfield merger will have been completed.

  60% confidence

• Existing shares of the Holding Company common stock held by minority shareholders will be exchanged for 2.2000x shares of Company common stock, with cash in lieu of fractional shares paid at $10.00 per share.

  60% confidence

• Northfield stockholders will receive either $14.25 in cash or 1.425 shares of Company common stock for each share of Holding Company common stock, or a combination thereof, for aggregate merger consideration of $580 million, with final proration of 70% stock and 30% cash for non-election shares.

  60% confidence

• The Company expects to sell 167,236,353 shares of its common stock at $10.00 per share for total offering proceeds of $1.67 billion, combining the firm commitment underwritten offering and the recently completed subscription offering.

  60% confidence

Cited in these Via News reports

• Columbia Financial Raises $1.67 Billion in IPO, One Day After Closing Northfield Bancorp Deal →