Investors in N.J. Getting Closer to Second-Step Conversion

By Sarah Todd January 03, 2014, 12:54 p.m. EST 1 Min Read

Community banking

Investors Bancorp Plans Second-Step Conversion

Investors Bancorp (ISBC), in Short Hills, N.J., filed registration papers to dissolve its mutual holding company and convert to a fully stock-owned company.

By Andy Peters

December 18
Consumer banking

Investors Bancorp to Sell Up to $2.5B of Stock in Conversion

Investors Bancorp (ISBC) in Short Hills, N.J., plans to issue up to $2.5 billion of stock as part of its conversion from a mutual to a stock holding company.

By Chris Cumming

December 20
M&A

Investors in N.J. Finally Gets Fed Approval for Roma Deal

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

By Paul Davis

December 3

Investors Bancorp (ISBC) in Short Hills, N.J., is set to complete its purchase of Gateway Community Financial in Sewell, N.J., next week.

The $14 billion-asset company said earlier this week that it plans to close the Gateway acquisition on Jan. 10. Investors said last month that it plans to pursue its long-awaited second-step conversion after it buys the $301 million-asset Gateway.

Investors agreed in April to pay an undisclosed sum for Gateway. Investors will no longer be permitted to buy mutual thrifts after it becomes a fully public company. It completed a delayed merger with another New Jersey mutual thrift, Roma Financial, in December.

Investors has also significantly expanded its presence in New York in recent years. It bought Brooklyn Federal Savings Bank and Marathon National Bank in 2012.

Sarah Todd

Deputy Editor, BankThink