Columbia Financial Launches ~$281M-$769M Firm Commitment Stock Offering At $10/Share After Receiving $1.1B In Subscription Orders

Columbia Financial, Inc. (NASDAQ:CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank (the "Holding Company" or "Columbia"), announced today that Columbia Financial, Inc., a Maryland corporation (the "Company") and the proposed successor to the Holding Company, has commenced a firm commitment underwritten offering to sell shares of common stock not subscribed for in its second-step conversion subscription offering to the general public at $10.00 per share. 

Between the orders received in the subscription offering and the increased orders received in the previously announced resolicitation of maximum purchasers in the subscription offering, which concluded on June 30, 2026, the Company received approximately $1.1 billion in the subscription offering, excluding shares to be issued to Columbia Bank’s employee stock ownership plan.  Accordingly, the Company expects to sell in the firm commitment underwritten offering between approximately $281 million and $769 million of its common stock.

Keefe, Bruyette & Woods, Inc., A Stifel Company, will serve as the lead-left book running manager, Piper Sandler & Co. will act as co-book running manager and Brean Capital, LLC will act as co-manager for the firm commitment underwritten offering.