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

Columbia Financial has acquired Northfield Bancorp, a banking business in Delaware, for $2.3 billion. Northfield Bancorp operates as a community banking franchise serving customers through deposit and lending products, making it a relevant target for Columbia Financial acquisitions in the financial services sector. The Northfield Bancorp acquisition expands Columbia Bank’s footprint in DE and supports a strategic merger acquisition strategy focused on growing core banking relationships. The financial services M&A deal is structured as a strategic acquisition and merger acquisition with an announced status and total consideration reported around $2.291 billion to $2.6 billion, subject to customary approvals and closing conditions.