Two years after postponing its planned conversion to a 100% stock-owned company, Northfield Bancorp (NFBK), a mutual holding company in Avenel, N.J., is finally ready to take that second step.

The $2.4 billion-asset company announced late Wednesday that it intends to offer shares currently owned by the mutual holding company to the public and become a fully stock-owned company. The company has not yet determined an offering price but said it expects to complete the conversion in the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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