Northfield Bancorp merges into Columbia Financial, delisting from Nasdaq
Northfield Bancorp merged with and into Columbia Financial on July 20, 2026, with Columbia Financial as the surviving corporation. Each share of Northfield common stock was converted into the right to receive either $14.25 in cash or 1.425 shares of Columbia Financial common stock, at the holder's election. Northfield common stock was delisted from Nasdaq following the merger's effective time, and Columbia Financial intends to file Form 15 to deregister Northfield's securities and suspend reporting obligations.
- Merger exchange ratio: $14.25 per share in cash or 1.425 shares of Columbia Financial common stock, at holder's election
- Merger effective date: July 20, 2026
- Northfield Bank merged with Columbia Bank, with Columbia Bank continuing as surviving bank
- Four Northfield directors appointed to Columbia Financial board: Steven M. Klein, John P. Connors Jr., Timothy C. Harrison, Paul V. Stahlin
- Steven M. Klein appointed Senior Executive Vice President and Chief Operating Officer of Columbia Financial
- Northfield restricted stock fully vested immediately prior to effective time
- Performance-based restricted stock units accelerated and fully vested at greater of target or actual annualized performance
- Northfield options converted to Columbia Financial options using merger exchange ratio
Northfield shareholders ceased to exist as a separate entity and exchanged their holdings for cash or Columbia Financial stock; Northfield's four board members joined Columbia's board, and former CEO Klein became Columbia's COO, giving Northfield's leadership ongoing influence in the combined organization.
- 25-NSE
- 8-Kthis filing
Derived from 8-K filed 2026-07-22. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →