Brief: Columbia Financial, Inc. To Acquire Freehold Bank

Columbia Financial

17/06/2021 21:51

June 17 (Reuters) - Columbia Financial Inc  CLBK.O :
    * COLUMBIA FINANCIAL, INC. TO ACQUIRE FREEHOLD BANK
    * COLUMBIA FINANCIAL INC - ON A PRO FORMA BASIS, TRANSACTION
EXPECTED TO BE ACCRETIVE TO COLUMBIA'S 2022 NET INCOME
    * COLUMBIA FINANCIAL INC - ON A PRO FORMA BASIS, TRANSACTION
EXPECTED TO BE SLIGHTLY DILUTIVE TO 2022 EARNINGS PER SHARE BY
APPROXIMATELY 2%
    * COLUMBIA FINANCIAL INC - TRANSACTION IS PROJECTED TO BE
APPROXIMATELY 3% ACCRETIVE TO FULLY CONVERTED TANGIBLE BOOK
VALUE
    * COLUMBIA FINANCIAL - AT MERGER, FREEHOLD BANK WILL CONVERT
TO
FEDERAL SAVINGS BANK & OPERATE AS A WHOLLY-OWNED SUBSIDIARY OF
CO
    * COLUMBIA FINANCIAL INC - COLUMBIA HAS OFFERED FULL
EMPLOYMENT TO
ALL FREEHOLD EMPLOYEES WITH FREEHOLD BANK

Source text for Eikon:  ID:nGNX9xHbXG 
Further company coverage:  CLBK.O 

 ((Reuters.Briefs@thomsonreuters.com;))