Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia Bank

10/7/24 4:45:00 PM ET

Savings Institutions

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FAIR LAWN, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK) (the "Company"), the mid-tier holding company for Columbia Bank, announced today the completion of the merger of Freehold Bank with and into Columbia Bank, effective as of October 5, 2024. Prior to the bank merger, Freehold Bank and Columbia Bank were held and operated as separate subsidiaries of the Company.

In connection with the completion of the bank merger, James H. Wainwright, President and Chief Executive Officer of Freehold Bank, was appointed to the Board of Directors of Columbia Bank.

About Columbia Financial, Inc.

Columbia Financial, Inc. is a Delaware corporation organized as Columbia Bank's mid-tier stock holding company. Columbia Financial, Inc. is a majority-owned subsidiary of Columbia Bank, MHC. Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey that operates 68 full-service banking offices and offers traditional financial services to consumers and businesses in its market area.

Columbia Financial, Inc.

Investor Relations Department

(833) 550-0717

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
10/11/2023	$18.00	Buy	Janney
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FAIR LAWN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the "Company") (NASDAQ:CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $6.2 million, or $0.06 per basic and diluted share, for the quarter ended September 30, 2024, as compared to $9.1 million, or $0.09 per basic and diluted share, for the quarter ended September 30, 2023. The income for the quarter ended September 30, 2024 reflected lower net interest income, mainly due to an increase in interest expense, and higher provision for credit losses, partially offset by higher non-interest income and lower income tax expense. For the nine months ended September 30, 2024, the
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FAIR LAWN, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK) (the "Company"), the mid-tier holding company for Columbia Bank, announced today the completion of the merger of Freehold Bank with and into Columbia Bank, effective as of October 5, 2024. Prior to the bank merger, Freehold Bank and Columbia Bank were held and operated as separate subsidiaries of the Company. In connection with the completion of the bank merger, James H. Wainwright, President and Chief Executive Officer of Freehold Bank, was appointed to the Board of Directors of Columbia Bank. About Columbia Financial, Inc. Columbia Financial, Inc. is a Delaware corporation organized as Columbia B
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