Northfield Bancorp Acquired by Columbia Financial | Financial Services M&A Deal

Columbia Financial has commenced a second-step conversion and is positioned to acquire Northfield Bancorp, a banking business in New Jersey, for $10.00 per share. Columbia Bank’s proposed successor holding company will offer common stock to eligible depositors, certain borrowers, and the employee stock ownership plan, supporting the mutual-to-stock conversion. Northfield Bancorp operates Northfield Bank in Woodbridge, strengthening Columbia Financial acquisitions in financial services M&A and NJ acquisitions. The strategic acquisition is structured as an add on acquisition and is subject to completion of the conversion, with conditional regulatory approvals from the Federal Reserve and the OCC for the Northfield Bancorp acquisition. Columbia Financial expects to commence the stock offering around May 21, 2026, on a best efforts basis, with up to 192,625,000 shares offered.