Columbia Financial, Inc. · NASDAQ:CLBK

Columbia Financial — Merger or Acquisition (December 2021)

8 slides from Columbia Financial's merger presentation, Dec 1, 2021

  1. Slide 1: December 1, 2021

    NASDAQ: CLBK December 1, 2021

  2. Slide 2: Safe Harbor Statement

    2 SAFE HARBOR STATEMENT THIS PRESENTATION CONTAINS FORWARD - LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 REGARDING COLUMBIA FINANCIAL INC . ’S EXPECTATIONS OR PREDICTIONS OF FUTURE FINANCIAL OR BUSINESS PERFORMANCE OR CONDITIONS . FORWARD - LOOKING S

  3. Slide 3: Transaction Overview

    3 CLBK shares issued to CLBK’s MHC At Closing TRANSACTION OVERVIEW Assumed Valuation / Shares Issued Transaction Mechanics $129.0 mm To be based on independent appraisal ÷ $18.24 CLBK Stock Price (prior to close)* 7.07 mm Shares issued to Columbia Bank MHC RSI Bancorp, M.H.C. RSI Bancorp, Inc. RSI B

  4. Slide 4: Overview of RSI Bank

    4 Transaction Accounts 35.8% MMDA + Savings 34.6% Retail Time (<$100K) 17.4% Jumbo Time (>$100K) 12.2% 1 - 4 Family 59.0% MultiFamily & CRE 35.3% Consumer 0.1% Commercial 4.9% Construction 0.6% SOURCE: S&P CAPITAL IQ PRO AS OF 9/30/21, UNLESS OTHERWISE NOTED OVERVIEW OF RSI BANK Company Overview Hea

  5. Slide 5: Expands Franchise in Attractive Markets

    5 Middlesex County Demographics Current 2021 Projected 2026 % Change 2021 - 2026 Total Population 824,980 828,442 0.42 Median Age 39.6 40.8 3.03 Total Households 282,978 283,390 0.15 Average Household Income ($) 126,182 138,615 9.85 Median Household Income ($) 95,004 103,555 9.00 Per Capita Income (

  6. Slide 6: Transaction Assumptions & Projections

    6 * BASED ON VALUATION EQUAL TO FCTBV OF 100% ASSUMING 14% IN CONV ERSION RELATED EXPENSES TRANSACTION ASSUMPTIONS & PROJECTIONS • Closing Q2 of 2022 • 7.07 million shares issued to Columbia Bank MHC • $9.6 million in pre - tax deal expenses paid at closing • $4.3 million in pre - tax expenses in 20

  7. Slide 7: Appendix: Mark to Market Adjustments

    7 APPENDIX: MARK TO MARKET ADJUSTMENTS

  8. Slide 8: Mark to Market & Goodwill Analysis

    8 MARK TO MARKET & GOODWILL ANALYSIS NOTE: ASSUMES A CLOSING BALANCE SHEET AT 9/30/21 WITH AN ASSUMED TAX RATE OF 25% Pro Forma Equity In $000s unless otherwise noted RSI Preliminary Valuation $129,000 RSI Total Equity $90,338 Foundation Contribution, Net of Tax ($3,750) RSI Total Equity After Found

Columbia Financial — Merger or Acquisition (December 2021) on 6ix