M&A Deal Summary

Columbia Bank Acquires RSI Bank

On April 18, 2022, Columbia Bank acquired financial services company RSI Bank

Acquisition Highlights
  • This is Columbia Bank’s 4th transaction in the Financial Services sector.
  • This is Columbia Bank’s 4th transaction in the United States.
  • This is Columbia Bank’s 4th transaction in New Jersey.

M&A Deal Summary
Date 2022-04-18
Target RSI Bank
Sector Financial Services
Buyer(s) Columbia Bank
Deal Type Add-on Acquisition

Target

RSI Bank

Rahway, New Jersey, United States
RSI Bank is a community bank serving New Jersey residents and businesses. It prioritizes long-term relationships built through professionalism and expertise, community involvement, and a business model that underscores personalized service. RSI Bank was formed in 1851 and is based in Rahway, New Jersey.

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Buyer(S) 1

Buyer

Columbia Bank

Fair Lawn, New Jersey, United States
Category Company
Founded 1927
Sector Financial Services
Employees720
Revenue 233M USD (2023)
DESCRIPTION

Columbia Bank is the parent company of Columbia bank. Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey. The Bank offers traditional financial services to consumers and businesses in its market areas. Columbia Financial was incorporated in 1927 and is based in Fair Lawn, New Jersey.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (New Jersey) 4 of 4
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-24 Freehold Bank

Freehold, New Jersey, United States

Freehold Bank is a community-first financial services provider whose mission is to deliver solutions that genuinely provide the best interest rates. Freehold Bank was established in 1853 and is based in Freehold, New Jersey.

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