Stewardship Financial Corporation (NASDAQ:SSFN) Files An 8-K Other Events
Item 8.01 Other Events.
On October 21, 2019, Stewardship Financial Corporation (the \”Company\”), parent company of Atlantic Stewardship Bank, issued a press release announcing that the Company and Columbia Financial, Inc. (\”Columbia\”) have received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the New Jersey Department of Banking and Insurance necessary to complete Columbia\’s acquisition of the Company and the related merger of Atlantic Stewardship Bank with and into Columbia Bank. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Press Release dated October 21, 2019 |
STEWARDSHIP FINANCIAL CORP Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 For Immediate Release Contact: Claire M. Chadwick Executive Vice President and Chief Financial Officer 630 Godwin Avenue Midland Park,…
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About Stewardship Financial Corporation (NASDAQ:SSFN)
Stewardship Financial Corporation is a one-bank holding company for Atlantic Stewardship Bank (the Bank). The Company’s principal business is the ownership and supervision of the Bank. The Company, through the Bank, conducts commercial banking business and offers deposit services, including personal and business checking accounts and time deposits, money market accounts and regular savings accounts. It engages in a range of lending activities and offers commercial, consumer, residential real estate, home equity and personal loans. Its investment portfolio has been classified as securities held to maturity and securities available-for-sale. Its primary sources of funds are deposits, amortization and prepayments of loans and mortgage-backed securities, maturities of investment securities and funds provided by operations. The Bank’s subsidiaries include Stewardship Investment Corporation, Atlantic Stewardship Insurance Company, LLC and Stewardship Realty, LLC, among others.