Columbia Financial (CLBK) Announces New 5M Share Stock Repurchase Program

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Go back to Columbia Financial (CLBK) Announces New 5M Share Stock Repurchase Program

Columbia Financial, Inc. Announces Second Stock Repurchase Program

September 10, 2020 5:00 PM EDT

FAIR LAWN, N.J., Sept. 10, 2020 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (Nasdaq: CLBK) (the Company), the holding company for Columbia Bank, today announced that the Companys Board of Directors has authorized a new stock repurchase program to acquire up to 5,000,000 shares, or approximately 4.3%, of the Company's currently issued and outstanding common stock commencing on September 15, 2020.  The stock repurchase program was adopted following the receipt of a notice of non-objection from the Federal Reserve Bank of Philadelphia.

On April 23, 2020, the Company completed its first stock repurchase program which was announced in June 2019,... More