On January 31, 2026, Northfield Bancorp, Inc., Woodbridge, New Jersey, and Columbia Financial, Inc., Fair Lawn, New Jersey, entered into a merger agreement pursuant to which Northfield will merge with and into Columbia in a cash and stock transaction valued at approximately $597 million.

Northfield is the holding company for Northfield Bank and has approximately $5.8 billion in assets. Northfield Bank conducts its operations in New York and New Jersey.

Columbia is the mid-tier holding company for Columbia Bank and has approximately $11.0 billion in assets. Columbia Bank conducts its operations in New Jersey.

Luse Gorman is serving as legal counsel to Northfield in the transaction. The Luse Gorman team consists of Ned Quint, Scott Brown, Max Seltzer, Gregory Sobczak, Anahita Mohtasham-Gharagozloo and Trevor Klein.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.