Regulatory Alerts2026-05-08
Federal Reserve Board Approves Mutual-to-Stock Conversion and SLHC Formation by Columbia Bank MHC and Columbia Financial, Inc.
The Federal Reserve Board approved the mutual-to-stock conversion of Columbia Bank MHC and the formation of a new savings and loan holding company by Columbia Financial, Inc. Following the conversion, Columbia Bank MHC will cease to exist while Columbia Financial acquires Columbia Bank as a covered savings association and merges with Northfield Bancorp, consolidating their respective banking subsidiaries. The Board’s evaluation of competitive effects, financial condition, and public comments confirmed that the combined organization satisfies all statutory requirements under the Home Owners’ Loan Act and Bank Holding Company Act without adversely affecting market competition.
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