Announced
Completed
Financials
Tags
United States
Private
Acquisition
Single Bidder
Majority
banks
Merger
Banks
Friendly
Completed
Private Equity
Synopsis
Columbia Financial, an investment holding company, completed the acquisition of Roselle Bank, a full-service bank. Financial terms were not disclosed. “We are pleased with the opportunity to welcome Roselle Bank and its employees to Columbia Bank. The transaction will combine two community banks with strong, loyal customer bases while expanding the Columbia Bank franchise in Union, Somerset and Hunterdon Counties,” Thomas J. Kemly, Columbia President and Chief Executive Officer.
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