During uncertain economic times, Columbia Bank is proud to act as a pillar of strength to those it serves. For over 95 years, Columbia Bank has been held in high regard due to its conservative philosophy, strong loan portfolio and market-leading asset quality. To ensure safety and soundness, 95% of the Bank’s investments are currently backed by the government and the Bank does not invest in volatile markets such as cryptocurrency.
“Columbia Bank prioritizes delivering secure and value-added financial solutions to local consumer and business clients alike,” said Thomas J. Kemly, President and CEO of Columbia Bank. “Prudently managing capital and liquidity is just one way that the Bank maintains the trust of those we serve. Rest assured, you can ‘Count on Columbia’ for years to come.”
About Columbia Financial, Inc.
Columbia Financial, Inc. (the “Company”) is the holding company for Columbia Bank (the “Bank”) which has served the residents and businesses of New Jersey since 1927. Columbia Bank holds an established reputation for being a reliable, community-based financial institution, with assets of approximately $10.4 billion, more than 60 full-service branch offices and three regional lending centers across the state of New Jersey. Freehold Bank is a Federally Chartered Savings Bank headquartered in Freehold, New Jersey that operates 2 full-service banking offices.
Forward Looking Statements
Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. including but not limited to, those factors set forth in Item 1A of the Company's Annual Report on Form 10-K and those set forth in the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all as filed with the Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website, www.sec.gov. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company's actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.