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Investors Bancorp Inc And Roma Financial Corporation Agreed To Extend Time Period For Completing Proposed Merger of The Two Companies

Friday, 27 Sep 2013 08:00am EDT 

Investors Bancorp, Inc (the Company) and Roma Financial Corporation announced that the merger agreement was amended to extend the deadline by which the transactions must be completed as the parties are awaiting approval from the Board of Governors of the Federal Reserve. The Company filed its regulatory applications with all of the bank regulators in January 2013 and received approval from the FDIC and the State of New Jersey Department of Banking and Insurance in June 2013. The Company is awaiting approval of the proposed transaction from the Board of Governors of the Federal Reserve System. Investors Bancorp, Inc. and Roma Financial Corporation have agreed to extend the date after which either party may elect to terminate the merger agreement if the merger has not yet been completed from September 30, 2013 to November 30, 2013. The consideration and exchange ratio, and all other terms as provided in the merger agreement will remain the same. The shareholders of Investors Bancorp, Inc. and Roma Financial Corporation, as well as the members of Roma Financial MHC, have previously approved the proposed merger. The Company and Roma Financial Corporation intend to close the merger as soon as possible following the receipt of Federal Reserve Board approval. 

Company Quote

11 Jul 2014