Northfield Bancorp Acquired by Columbia Financial | Financial Services M&A Deal

Columbia Financial has acquired Northfield Bancorp, a banking business in New Jersey, for about $2.3 billion. Northfield Bancorp operates as a community banking franchise serving customers across NJ, and Columbia Financial acquisitions expand its deposit base and lending footprint in the financial services sector. The merger acquisition is part of broader financial services M&A activity as Columbia Financial seeks scale and operating synergies through a strategic acquisition. Columbia Financial is a strategic buyer pursuing a banking acquisition, with the combined structure tied to a conversion into a fully public stock holding company and an exchange ratio for Columbia Financial shares.