Northfield Bancorp Acquisition | Financial Services Deal in NY

Columbia Financial, Inc. has acquired Northfield Bancorp, a banking business in New York, for $2.3 billion. Northfield Bancorp operates Northfield Bank, providing retail and commercial banking services that support deposit growth and lending in NY acquisitions. The strategic acquisition expands Columbia Financial’s footprint in financial services M&A by adding a New York-based holding company and strengthening core banking capabilities. The merger acquisition is part of financial services deals NY and is structured as a strategic acquisition with an announced timeline, with deal consideration tied to a merger exchange ratio and a $10.00 subscription price for Columbia common stock.