Northfield Bancorp Shareholders Face July 10 Deadline to Elect Merger Consideration from Columbia Financial
CLBK sits 52% above its 52-week low of $13.66.
Summary
Columbia Financial and Northfield Bancorp announced the mailing of election materials for Northfield shareholders to choose their merger consideration (stock, cash, or both) by July 10, 2026. This is a key procedural step in the previously announced acquisition of Northfield by Columbia. The consideration varies based on Columbia's appraised full conversion value, currently $2.291 billion. This follows the May 21 proxy filing for shareholder votes and Columbia's ongoing second-step conversion offering, which is a condition for the merger. Northfield stockholders are scheduled to vote on the merger on June 26, 2026.
At the time of this announcement, CLBK was trading at $20.73 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $13.66 to $21.20. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.