Tranche Update on Northfield Bancorp, Inc. (Staten Island, NY)'s Equity Buyback Plan announced on June 17, 2022.
July 28, 2023 at 09:43 pm IST
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From April 1, 2023 to May 31, 2023, the company has repurchased 661,140 shares, representing 1.42% for $6.47 million. With this, the company has completed the repurchase of 3,313,058 shares, representing 6.94% for $45 million under the buyback announced on June 17, 2022.
Northfield Bancorp, Inc. is the holding company for Northfield Bank (the Bank). The Bank is a federally chartered savings bank. The Bank conducts business from its operations center located in Woodbridge, New Jersey, its home main office located at a branch in Staten Island, New York, and its 38 additional branch offices located in New York and New Jersey. The Bank's principal business consists of originating multifamily and commercial real estate loans, construction and land loans, commercial and industrial loans, and home equity loans and lines of credit. It offers a variety of deposit accounts, including certificates of deposit, passbook, statements, and money market savings accounts, transaction deposit accounts, which are Northfield Bankâs primary source of funds for its lending and investing activities. Its principal lending activity is the origination of multifamily real estate loans and other commercial real estate loans in New York, New Jersey, and eastern Pennsylvania.
NORTHFIELD BANCORP, INC. (STATEN ISLAND, NY) 
