SHORT HILLS, N.J., Sept. 27, 2013 /PRNewswire/ -- Investors
Bancorp, Inc. (NASDAQ:ISBC) ("Company"), the holding company for
Investors Bank, and Roma Financial Corporation (NASDAQ:ROMA), the
federally-chartered holding company for Roma Bank, jointly announced today 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.
About Investors Bancorp
Investors Bancorp, Inc. is the holding company for Investors
Bank, which operates from its corporate headquarters in
Short Hills, New Jersey, and over
one hundred branch offices located throughout northern and central
New Jersey and New York.
About Roma Financial Corporation
Roma Financial Corporation (NASDAQ:ROMA) is the holding company
of Roma Bank, a community bank
headquartered in Robbinsville, New
Jersey, and RomAsia Bank headquartered in South Brunswick, New Jersey. Roma
Bank has been serving families, businesses and the communities of
Central New Jersey for over 93
years with a complete line of financial products and services, and
today Roma Bank operates branch
locations in Mercer, Burlington, Camden and Ocean counties in New Jersey. Visit
Roma online at www.romabank.com or RomAsia Bank at
www.romasiabank.com. RomAsia Bank has two branch locations in
Middlesex County, New Jersey.
Forward Looking Statements
This press release may contain forward-looking statements
regarding Investors Bancorp Inc. and Roma Financial
Corporation. These statements constitute forward-looking
information within the definition of the Private Securities
Litigation Reform Act of 1995.
Actual results may differ materially from any forward-looking
statements expressed in this press release, since forward-looking
information involves significant known and unknown risks,
uncertainties and other factors. Factors that may cause actual
results to differ materially from those contemplated by such
forward-looking statements include, among others, the following:
failure to satisfy the conditions to closing for the proposed
merger in a timely manner or at all; failure to obtain the
necessary approval of the Board of Governors of the Federal Reserve
for the proposed merger or adverse regulatory conditions in
connection with such approvals; disruption to the parties'
businesses as a result of the announcement and pendency of
the transaction; difficulties related to the integration of
the businesses following the merger; competitive pressures among
depository and other financial institutions; changes in the
interest rate environment; and changes in general economic
conditions, either nationally or regionally. For a discussion
of additional factors that might cause such differences, please
refer to Investors Bancorp's public filings with the Securities and
Exchange Commission. These are available online at
http://www.sec.gov. Investors Bancorp does not undertake to update
any forward-looking statements made in this press release to
reflect new information, future events or otherwise.
SOURCE Investors Bancorp, Inc.; Roma Financial Corporation
