State Of The Pipeline - February 2026

2026-02-28 02:10:00 ET

On Feb. 2, Fair Lawn, New Jersey-based Columbia Financial Inc. ( CLBK ) announced a second-stage conversion and simultaneous acquisition of Woodbridge, New Jersey-based Northfield Bancorp Inc. ( NFBK ). The preliminary independent appraisal by RP Financial LC shows a price to pro forma tangible book value of 94x and a pro forma tangible common equity to tangible assets ratio of 16.7% at the midpoint of the offering range, according to an investor presentation. Columbia said in the presentation that it could file a conversion registration statement, which will include an updated appraisal, in early March. The Tier 1 date for eligible account holders is Dec. 31, 2024....

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