---
title: "Columbia Financial Engages KBW to Lead Stock Offerings; Fees 1%–2%, Underwriting Up to 5%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286557625.md"
description: "Columbia Financial has engaged Keefe, Bruyette & Woods (KBW) to lead its stock offerings, including subscription and community offerings. KBW will receive a 1% fee on subscription sales and 2% on community sales, with underwriting discounts capped at 5% for proceeds under $300 million. The agreement is effective from May 11, 2026, and aims to support capital raising efforts."
datetime: "2026-05-15T11:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286557625.md)
  - [en](https://longbridge.com/en/news/286557625.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286557625.md)
---

# Columbia Financial Engages KBW to Lead Stock Offerings; Fees 1%–2%, Underwriting Up to 5%

Columbia Financial entered into an Agency Agreement with Keefe, Bruyette & Woods to market its common stock in subscription and community offerings and to act as lead-left bookrunner for any firm commitment underwritten offering. KBW will earn a 1.0% fee on subscription sales and 2.0% on community sales, excluding purchases by insiders and benefit plans. For any firm commitment deal, underwriting discounts will not exceed 5% for proceeds under $300 million, 4% for $300–$500 million, 3.5% for $500–$700 million, and 3.15% above $700 million. The shares are offered under a Form S-1 with a prospectus dated May 11, 2026.

**Agreement details:**

-   **Agreement type**: Agency Agreement for subscription, community, and potential firm commitment stock offerings
-   **Counterparty**: Keefe, Bruyette & Woods
-   **Signed / Effective**: May 11 2026 / May 11 2026
-   **Duration / Termination**: At will
-   **Reason**: Support stock offerings and potential underwriting to raise capital

Original SEC Filing: Columbia Financial, Inc. \[ CLBK \] - 8-K - May. 15, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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