Northfield Bancorp

Northfield Bancorp, Inc. is a holding company which engages in the provision of banking and financial services. Through its subsidiary, Northfield Bank, its business consists of originating multifamily and other commercial real estate loans, purchasing investment securities, including mortgage-backed securities and corporate bonds, and, to a lesser extent, depositing funds in other financial institutions. The company was founded on March 1, 1887 and is headquartered in Woodbridge, NJ.

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WOODBRIDGE, N.J. and STATEN ISLAND, N.Y., Dec.  23, 2019  (GLOBE NEWSWIRE) -- Northfield Bancorp, Inc. (Nasdaq: NFBK) (“Northfield”), parent company of Northfield Bank, and VSB Bancorp, Inc. (OTCQX: VSBN) (“VSB”), parent company of Victory State Bank (“Victory”), announced the signing of a definitive agreement pursuant to which VSB will merge with and into Northfield. 

Northfield Bancorp, Inc. to Acquire VSB Bancorp, Inc.

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Earnings expected to decline in 2020 due to NIM shrinkage and higher provisions charge.

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