Columbia Financial completes $1.67 billion offering; Northfield deal set to close July 20
Columbia Financial, Inc. said it completed its firm commitment underwritten offering in its second-step conversion, selling 167,236,353 shares at $10.00 per share for total offering proceeds of $1.67 billion. The company also set the final merger consideration for its acquisition of Northfield Bancorp at an aggregate $580 million, with both transactions scheduled to close on July 20, 2026.
Key points
- 167,236,353 shares sold at $10.00 each, for total offering proceeds of $1.67 billion
- Existing Holding Company minority shares will be exchanged for 2.2000 shares of Company common stock
- Northfield stockholders receive $14.25 in cash or 1.425 shares per share, for aggregate merger consideration of $580 million
- Closing scheduled for July 20, 2026; shares expected to trade on Nasdaq as CLBK starting July 21, 2026
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.