COLUMBIA BANK OFFERS SUPPORT TO MORTGAGE CUSTOMERS FAIR LAWN, NJ – April 7, 2020 – Columbia Bank has recently announced a Mortgage Deferral Program for mortgage customers experiencing hardship as a result of Coronavirus (COVID-19). Through the program, borrowers may be eligible to defer mortgage payments for up to three months. “We are committed to supporting our customers and keeping them in their homes during this difficult time,” said Thomas J. Kemly, President and CEO of Columbia Bank. “Through the mortgage deferral program we can delay payments and allow borrowers more time to get back on their feet, without any impact to their home or credit score.” If you are a former Roselle Bank customer and need to request a mortgage deferment application, please send an email to email@example.com. For Primary Residences Only, applicants should be able to supply proof of your financial situation, e.g., unemployment application, loss of business, a notice of business closure, reduced hours, mandatory furloughs, etc. For dentists and physicians, nail and beauty salons, you’ll need to provide a copy of the professional license. For small business owners, an ownership certificate. Also required is a Year to Date paystub, W2 or 2019 income tax return, if filed. Columbia Bank is working diligently to complete requests as swiftly as possible, while giving every customer the support and attention they deserve. Please do not submit requests multiple times, as this may cause the support team to duplicate efforts and further delay responses. Mortgage deferment is one of [...]
Fair Lawn, New Jersey, April 1, 2020 — Columbia Bank MHC, Columbia Financial, Inc. (NASDAQ: CLBK) and Columbia Bank (collectively, “Columbia”), announced today that Columbia has completed its acquisition of RSB Bancorp, MHC, RSB Bancorp, Inc. and Roselle Bank (collectively, “Roselle”). At the effective time of the merger, Roselle Bank was merged with and into Columbia Bank and depositors of Roselle Bank became depositors of Columbia Bank, with the same rights and privileges in Columbia Bank MHC as if their accounts had been established in Columbia Bank on the date established at Roselle Bank. In addition, as part of the transaction, the Company issued 4,759,048 shares of its common stock to Columbia Bank MHC. “With the addition of Roselle Bank, Columbia Bank is now serving 12 counties across the State of New Jersey. The combination advances our strategic growth plan and allows us to deliver enhanced products, digital services and lending capabilities to new markets,” said Thomas J. Kemly, President and CEO of Columbia Bank. “Our bank recently completed a successful systems conversion from its prior acquisition of Atlantic Stewardship Bank. With one successful conversion behind us, we look forward to welcoming the new customers and employees of Roselle Bank. Together, we are making community banking better.” Columbia was advised in the transaction by the investment banking firm of Boenning & Scattergood, Inc. and represented by the law firm of Kilpatrick Townsend & Stockton LLP. Roselle was advised by the investment banking firm of Piper Sandler Companies and represented by [...]
Continuing our commitment to building strong and vibrant communities and improving quality of life the Bank participates in several company-wide initiatives in which staff teams work together for the greater good. Click here to learn more about Roselle’s community involvement and impact.