Investors Bancorp (ISBC) in Short Hills, N.J., could raise more than $2.6 billion as part of a highly anticipated second-step conversion.

The $15.6 billion-asset company said in a press release late Friday that it plans to sell 170 million to 264.5 million shares of common stock at $10 each in an offering set to expire on April 11. The amount slightly exceeds prior expectations.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.