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

Columbia Financial has agreed to acquire Northfield Bancorp, a banking business in New Jersey, for $2.3 billion. Northfield Bancorp operates as a New Jersey community bank focused on retail banking and deposit-based financial services, making it a strategic fit for Columbia’s regional footprint. Columbia Financial acquisitions in financial services M&A aim to expand customer reach and strengthen lending capabilities through a merger acquisition of a NJ banking franchise. The strategic acquisition is structured as a merger acquisition and is part of broader financial services deals in New Jersey, with deal value reported around $2.291 billion to $2.6 billion.