Key Developments: Roma Financial Corp (ROMA.O)
17.28USD
17 May 2013
$0.01 (+0.06%)
$17.27
$17.30
$17.36
$17.19
18,503
22,493
$17.42
$7.75
Latest Key Developments (Source: Significant Developments)
Investors Bancorp Inc and Roma Financial Corp Announce Merger Agreement
Investors Bancorp Inc and Roma Financial Corp jointly announced the signing of a definitive merger agreement. Roma Financial Corporation, MHC (Roma MHC), a federally chartered mutual holding company, owns approximately 74.5% of Roma Financial Corporation. As of September 30, 2012, Roma Financial Corporation operated 26 branches in Burlington, Ocean, Mercer, Camden and Middlesex counties, New Jersey, and had assets of $1.84 billion, deposits of $1.49 billion and stockholders' equity of $218.8 million. Under the terms of the merger agreement, 100% of the shares of Roma Financial will be converted into Investors Bancorp common stock. Each outstanding share of Roma Financial common stock, including shares owned by Roma MHC, will be converted into 0.8653 shares of Investors Bancorp common stock upon completion of the merger. The transaction is valued at $15.00 per Roma Financial common share based on Investors Bancorp's average closing stock price for the ten-day trading period ending on December 18, 2012. Shares to be issued to Investors Bancorp MHC, representing the stock held by Roma MHC, would be reissued in a possible future second step conversion by Investors Bancorp. Upon closing of the merger, Investors Bancorp expects to issue 25,875,411 shares of common stock, including 19,541,701 shares to Investors MHC. The aggregate merger consideration to be received by Roma Financial minority shareholders is $113.5 million. Full Article
Roma Financial Corp Declares Quarterly Cash Dividend
Roma Financial Corp announced that its Board of Directors (the Board) declared the Company's twenty-second consecutive quarterly cash dividend. A dividend of $.04 per share will be paid on or about July 18, 2012 to stockholders of record on July 3, 2012. Full Article
Roma Financial Corp Declares Dividend
Roma Financial Corp announced that its Board of Directors have declared a quarterly cash dividend. A dividend of $.08 per share will be paid on or about April 18, 2012 to stockholders of record on April 4, 2012. Full Article
Roma Financial Corp Announces Stock Repurchase Program
Roma Financial Corp announced that its Board of Directors has authorized a stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its outstanding shares (excluding shares held by Roma Financial Corp. MHC, the Company's mutual holding company and in the Roma Bank Employee Stock ownership Plan), or up to 330,093 shares. Full Article
Roma Financial Corp Declares Dividend
Roma Financial Corp announced that its Board of Directors declared the Company's quarterly cash dividend. A dividend of $0.08 per share will be paid on or about January 18, 2012 to stockholders of record on January 4, 2012. Full Article
Roma Financial Corp Declares Dividend
Roma Financial Corp announced that its Board of Directors declared quarterly cash dividend. A dividend of $.08 per share will be paid on or about October 19, 2011 to stockholders of record on October 5, 2011. Full Article
Roma Financial Corporation Announces Chairman Maurice T. Perilli To Retire
Roma Financial Corporation announced that Chairman of the Board and Executive Vice President Maurice T. Perilli will retire from the boards and management of the bank and its parent company, Roma Financial Corporation, on June 30, 2011. Upon his retirement, Mr. Perilli will be appointed Emeritus Director and will provide consulting assistance to the boards and the executive management. Full Article
Roma Financial Corporation Declares Dividend
Roma Financial Corporation announced that its Board of Directors declared quarterly cash dividend. A dividend of $.08 per share will be paid on or about July 20, 2011 to stockholders of record on July 6, 2011. Full Article
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