Northfield Bancorp Shareholders Face July 10 Deadline to Elect Merger Consideration from Columbia Financial
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.