Columbia Financial (CLBK) to Acquire Freehold Bank
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Columbia Financial, Inc. to Acquire Freehold Bank
June 17, 2021 4:30 PM EDTFAIR LAWN, N.J. and FREEHOLD, N.J., June 17, 2021 (GLOBE NEWSWIRE) -- Columbia Bank, MHC, Columbia Financial, Inc. (NASDAQ: CLBK) and Columbia Bank (collectively, Columbia), and Freehold MHC, Freehold Bancorp and Freehold Bank (collectively, Freehold) announced today the signing of a definitive merger agreement.
Under the terms of the merger agreement, Columbia will acquire Freehold, with Freehold MHC and Freehold Bancorp merging into Columbia Bank, MHC and Columbia Financial, respectively. At the effective time of these mergers, Freehold Bank will convert to a federal savings bank and operate as a wholly-owned subsidiary of Columbia... More
