Columbia Bank ® MHC to acquire Northfield ® Bancorp, Inc., of Woodbridge, New Jersey, and indirectly acquire Northfield ®Bank, of Staten Island, New York.

The Federal Reserve Board on Friday announced its approval of related applications by Columbia Bank MHC, and Columbia Financial, Inc., both of Fair Lawn, New Jersey.

The approvals allow the banking organization to have a new top-tier holding company, Columbia Financial, Inc., which would become a savings and loan holding company by acquiring Columbia Bank, of Fair Lawn, New Jersey. Columbia Financial, Inc.

Bank also received approval to acquire Northfield Bancorp, Inc., of Woodbridge, New Jersey, and thereby indirectly acquire Northfield Bank, of Staten Island, New York.

“Columbia Bank MHC controls Columbia Bank, which operates only in New Jersey. Columbia Bank is the 11th largest insured depository institution in New Jersey, controlling deposits of approximately $8.2 billion, which represent 1.9 percent of the total deposits of insured depository institutions in that state.9 Northfield Bancorp, with consolidated assets of approximately $5.8 billion, is the 240th largest insured depository organization in the United States.

Northfield Bancorp controls approximately $4.0 billion in consolidated deposits, which represent less than 1 percent of the total amount of deposits of insured depository institutions in the United States. Northfield Bancorp controls Northfield Bank, which operates in New Jersey and New York. Northfield Bank is the 29th largest insured depository institution in New Jersey, controlling deposits of approximately $1.8 billion, which represent less than 1 percent of the total deposits of insured depository institutions in that state.” ~ according to Michele Taylor Fennell , Associate Secretary of the Board

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