SHORT HILLS, N.J., Sept. 27, 2013 /PRNewswire/ -- Investors Bancorp, Inc. (NASDAQ:ISBC) ("Company"), the holding company for Investors Bank, and Roma Financial Corporation (NASDAQ:ROMA), the federally-chartered holding company for Roma Bank, jointly announced today that the merger agreement was amended to extend the deadline by which the transactions must be completed as the parties are awaiting approval from the Board of Governors of the Federal Reserve. The Company filed its regulatory applications with all of the bank regulators in January 2013 and received approval from the FDIC and the State of New Jersey Department of Banking and Insurance in June 2013. The Company is awaiting approval of the proposed transaction from the Board of Governors of the Federal Reserve System.
Investors Bancorp, Inc. and Roma Financial Corporation have agreed to extend the date after which either party may elect to terminate the merger agreement if the merger has not yet been completed from September 30, 2013 to November 30, 2013. The consideration and exchange ratio, and all other terms as provided in the merger agreement will remain the same. The shareholders of Investors Bancorp, Inc. and Roma Financial Corporation, as well as the members of Roma Financial MHC, have previously approved the proposed merger. The Company and Roma Financial Corporation intend to close the merger as soon as possible following the receipt of Federal Reserve Board approval.
About Investors Bancorp
Investors Bancorp, Inc. is the holding company for Investors Bank, which operates from its corporate headquarters in Short Hills, New Jersey, and over one hundred branch offices located throughout northern and central New Jersey and New York.About Roma Financial Corporation Roma Financial Corporation (NASDAQ:ROMA) is the holding company of Roma Bank, a community bank headquartered in Robbinsville, New Jersey, and RomAsia Bank headquartered in South Brunswick, New Jersey. Roma Bank has been serving families, businesses and the communities of Central New Jersey for over 93 years with a complete line of financial products and services, and today Roma Bank operates branch locations in Mercer, Burlington, Camden and Ocean counties in New Jersey. Visit Roma online at www.romabank.com or RomAsia Bank at www.romasiabank.com . RomAsia Bank has two branch locations in Middlesex County, New Jersey. Forward Looking Statements This press release may contain forward-looking statements regarding Investors Bancorp Inc. and Roma Financial Corporation. These statements constitute forward-looking information within the definition of the Private Securities Litigation Reform Act of 1995.