Columbia Financial Receives Approval for Merger

By Tamara Parker • Monday, August 26 15:12 • Permanent Link

Columbia Financial, Inc. (NASDAQ: CLBK) has announced that it has received regulatory approval for the merger of Freehold Bank into Columbia Bank. The merger, expected to be completed on October 5, 2024, is subject to customary closing conditions.

Columbia Bank, headquartered in Fair Lawn, New Jersey, operates 66 full-service banking offices, while Freehold Bank, headquartered in Freehold, New Jersey, operates 2 full-service banking offices.

The merger marks a significant development for Columbia Financial, Inc., as it will lead to changes in its financial metrics and operational footprint. However, specific financial metrics and operational changes resulting from the merger have not been disclosed in the press release. The market has reacted to these announcements by moving the company's shares -0.2% to a price of $17.82. If you want to know more, read the company's complete 8-K report here.

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