Columbia Financial, Inc. Announces Seventh Stock Repurchase Program

Core Viewpoint - Columbia Financial, Inc. has announced a new stock repurchase program to buy back up to 1,800,000 shares, representing approximately 1.7% of its outstanding common stock, following approval from the Federal Reserve Bank of Philadelphia [1]. Summary by Sections Stock Repurchase Program - The stock repurchase program allows for shares to be repurchased through open market transactions, private transactions, and trading plans compliant with SEC Rule 10b5-1 [2]. - The program will be effective for one year, with the actual number of shares repurchased depending on various factors such as price, market conditions, and corporate liquidity needs [3][4]. - The company is not obligated to repurchase a specific number of shares and may suspend or discontinue the program at any time [3][4]. Company Overview - Columbia Financial, Inc. is the holding company for Columbia Bank, a federally chartered savings bank headquartered in Fair Lawn, New Jersey, operating 69 full-service banking offices [5].