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Investors Bancorp of Short Hills, N.J., has agreed to buy Roma Financial Corp. of Robbinsville, N.J. The deal, scheduled to close in the second quarter, would bring together two mutual thrifts and create a company with assets of more than $13 billion.
December 20 -
The nation's biggest mutual thrift has endured litigation, activists' protests and a check-kiting scandal at Roma, a thrift it is trying to buy.
July 5 -
Roma Financial (ROMA) in Robbinsville, N.J., swung to a loss in the second quarter thanks to a check-kiting scheme.
August 9 -
Nearly a quarter of Investors Bancorp's branches will be near the Philadelphia suburbs once it completes its acquisitions of Gateway Community and Roma Financial.
April 8
Investors Bancorp (ISBC) in Short Hills, N.J., and Roma Financial (ROMA) in Robbinsville, N.J., have extended the deadline for their merger while they wait for regulatory approval.
The companies said Thursday that they have moved the deadline to complete the deal to Nov. 30, from Sept. 30, to allow more time for the Federal Reserve Board to approve the transaction. The Federal Deposit Insurance Corp. and the State of New Jersey Department of Banking and Insurance approved the merger in June.
The $12.8 billion-asset Investors
Investors also has a pending deal to
