Columbia Financial, Inc. 8-K

What Happened Columbia Financial, Inc. (via related Columbia Bank entities) announced on May 11, 2026 that it entered into an Agency Agreement with Keefe, Bruyette & Woods, Inc. (KBW). KBW will assist on a best-efforts basis in selling the company’s common stock in the Company’s subscription and community offerings and will act as lead‑left book running manager if the company pursues a firm commitment underwritten offering. The offering is being made under a Registration Statement on Form S‑1 (No. 333-294103) and a prospectus dated May 11, 2026.

Key Details

• KBW fees: 1.0% of aggregate purchase price for subscription offering shares; 2.0% for community offering shares.
• No fee payable to KBW for shares bought by directors, officers, employees/their immediate families or the company’s employee benefit plans/trusts.
• If a firm commitment underwritten offering occurs, KBW will seek a syndicate; underwriting discounts depend on proceeds: ≤$300M up to 5.0%; $300M–$500M up to 4.0%; $500M–$700M up to 3.5%; >$700M up to 3.15%.
• The Agency Agreement is dated May 11, 2026 and the S‑1 registration/prospectus cover the offered shares.

Why It Matters This agreement formalizes the bank’s engagement of KBW to help raise capital through subscription/community offerings or a potential underwritten offering. The stated fee and underwriting discount schedule affect the net proceeds the company will receive and indicate how underwriting costs scale with the size of any offering. Investors should note the filing of the S‑1 (Registration No. 333-294103), which signals the company’s intent to sell common stock and potentially change the company’s capital structure or share count.