Fair Lawn bank to acquire community bank

  • 2019-12-18
Columbia Financial, Inc. in Fair Lawn will be acquiring Roselle Bank, a community savings bank chartered by the state in 1889.

Roselle’s main office in Roselle has been recently renovated. The bank also expanded into another empty bank building across the street to use as its corporate offices. There are three other branches of the bank in High Bridge, Bernardsville, and Cranford. Columbia Bank has 64 branches across the state.

President and Chief Executive Officer of Columbia, Thomas Kemly, expressed his pleasure in welcoming the employees of Roselle Bank to his bank. He added that the acquisition will create a strong community bank with loyal customers and also enable Columbia Bank to expand to other counties in the state.

Chairman of the Board of Directors of Roselle, William Fredericks, expressed his excitement about the partnership with Columbia Bank with whom his bank shares values and a culture. The bank’s customers will now become part of a larger banking network and have access to a greater number of products and services, and employees will benefit from working for a community bank which is growing rapidly.

Columbia Bank offers traditional financial services to both businesses and consumers. More details about such services are often provided in Brochures created by local printing services.

The acquisition is expected to close in the second quarter of 2020.

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