Investors Bancorp, Inc. Announces Closing Of Acquisition Of Gold Coast Bancorp, Inc.
Investors Bancorp, Inc. (ISBC)
Last investors bancorp, inc. earnings: 4/29 05:40 pm
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US:NASDAQ Investor Relations:
myinvestorsbank.com/investor-relations
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Source: PR Newswire
SHORT HILLS, N.J., April 3, 2020 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ: ISBC) ("Investors Bancorp"), the parent company of Investors Bank, announced today that it has completed the acquisition by merger of Gold Coast Bancorp, Inc. (formerly OTC: GLDT) ("Gold Coast Bancorp"), the parent company of Gold Coast Bank, upon the filing and effectiveness of a certificate of merger with the New York Secretary of State and the Delaware Secretary of State. Shortly after the effectiveness of the merger of the holding companies, Gold Coast Bank merged with and into Investors Bank. As of December 31, 2019, Gold Coast Bank had approximately $559.8 million in assets, $467.4 million in total loans and $465.0 million in deposits. At the effective time of the merger, each share of Gold Coast Bancorp common stock was converted into the right to receive, at the election of the shareholder, (i) $15.75 in cash, (ii) 1.422 shares of Investors Bancorp common stock or (iii) a combination of cash and
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