Daily News: October 22, 2019

Columbia Financial, Stewardship Financial Receive Approvals for Merger


Columbia Financial, the holding company for Columbia Bank, and Stewardship Financial have received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the New Jersey Department of Banking and Insurance necessary to complete the Columbia’s acquisition of Stewardship and the related merger of Atlantic Stewardship Bank with and into Columbia Bank.

The transaction is expected to close on November 1, 2019 and is subject to customary closing conditions. Until the transaction closing date, each institution will continue serving customers and daily operations will remain as usual.

Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey. The bank offers traditional financial services to consumers and businesses in our market areas through its 52 full-service banking offices.