On July 20, 2026, Northfield Bancorp, Inc., Woodbridge, New Jersey, the holding company for Northfield Bank, completed its merger with and into Columbia Financial, Inc., Fair Lawn, New Jersey, the holding company for Columbia Bank. The aggregate merger consideration of $580 million consisted of 70% stock and 30% cash. The merger was part of the second-step conversion of Columbia Bank MHC, the mutual holding company parent for Columbia Bank, in which Columbia Financial, Inc. raised $1.67 billion of gross proceeds in its related stock offering.

Luse Gorman served as legal counsel to Northfield in the transaction. The Luse Gorman team consisted of Ned Quint, Scott Brown, Max Seltzer, Gregory Sobczak and Trevor Kline.

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.