Brief: Columbia Financial Says Inc Says Does Not Have Any Significant Depositor Concentrations

Columbia Financial

13/03/2023 24:13

March 12 (Reuters) - Columbia Financial Inc  CLBK.O :
    * UPDATE OF THE FINANCIAL STRENGTH OF COLUMBIA FINANCIAL,
INC.
    * COMPANY'S RISK PROFILE CONTINUES TO BE PRUDENTLY MANAGED
IN
ORDER TO ENSURE A SAFE AND SECURE ENVIRONMENT
    * DOES NOT HAVE ANY SIGNIFICANT DEPOSITOR CONCENTRATIONS;
NEITHER
EXPOSED TO CRYPTOCURRENCY LOANS
    * COLUMBIA FINANCIAL DOES HAVE UNREALIZED LOSSES ON ITS
AVAILABLE
FOR SALE BOND PORTFOLIO
    * COLUMBIA FINANCIAL- AT DECEMBER 31, 2022, ADDITIONAL OTHER
COMPREHENSIVE INCOME IMPACT OF AVAILABLE FOR SALE SECURITIES
PORTFOLIO WAS $135.5 MILLION
    * COMPANY HAS NO NEED TO SELL SECURITIES, AS IT HAS A
SIGNIFICANT
AMOUNT OF LIQUIDITY

Source text for Eikon:  ID:nGNX9Khw4S 
Further company coverage:  CLBK.O 

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