The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Columbia Financial in N.J. to merge its two banks

Columbia Financial in Fair Lawn, N.J., is planning to merge its banks.

The $10.8 billion-asset company said in a press release that the Office of the Comptroller of the Currency approved its application to merge its Freehold Bank into Columbia Bank.

The transaction is expected to close on Oct. 5.

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