Columbia Financial, Inc. Announces Completion of Second Step Conversion and $1.7 Billion Stock Offering and Acquisition of Northfield Bancorp, Inc.

About this update from Columbia Financial, Inc.

FAIR LAWN, N.J., July 20, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc., (Nasdaq Global Select Market: CLBK), (the "Company" or "Columbia"), a Maryland corporation and the successor to Columbia Financial, Inc., a Delaware corporation (the "Holding Company"), today announced the completion of the Holding Company's conversion from the mutual holding company structure and Company's related public offering. Columbia Bank is now 100% owned by the Company and the Company is 100% owned by public stockholders. The Company also announced today that, simultaneously with the completion of the conversion, it has completed its previously announced merger with Northfield Bancorp, Inc. ("Northfield"). Subsequent to the closing, on a pro forma basis as of March 31, 2026, Columbia had $18.0 billion in total assets, $12.5 billion in total deposits and $11.9 billion in total loans held for investment and more than 100 branch offices throughout New Jersey and in Staten Island and Brooklyn, New York. Northfield's subsidiary bank, Northfield Bank, was merged into Columbia Bank. "We are very pleased to announce the completion of our second-step conversion and merger with Northfield. The combination of our two organizations creates one of the largest community banks headquartered in the region, with substantial excess capital to support growth, strengthen our market position and create long-term value," said Thomas J. Kemly, President and Chief Executive Officer of Columbia. "Columbia and Northfield share proud histories as community banks built on strong relationships, local decision-making and a deep commitment to the communities we serve. Together, we are better positioned to deepen customer relationships, support our commercial customers and expand across a larger, more dynamic market, while continuing to deliver the local service and community focus that have long defined both institutions." "Over the past five months, the Columbia and Northfield teams have worked diligently to bring together two highly respected community banking organizations. Today marks the successful completion of that effort and the beginning of an exciting new chapter. With a shared commitment to our customers, team members, communities, and stockholders, we have created a stronger institution with the scale, talent, and financial strength to deliver greater value and drive long-term growth. This...

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