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Other Pre-Announcement, Equity Financing / Related
Investors Bancorp - Extinguished $1 Billion In Wholesale Funding With An Average Rate Of 2.01%
Published: 12/29/2020 21:12 GMT
(ISBC) - Investors Bancorp - Extinguished $1 Billion in Wholesale Funding With an Average Rate of 2.01%.
Investors Bancorp Inc - Incurred $24 Million of Pre-tax Costs Associated With Early Extinguishment.
Investors Bancorp Inc - Also Intends to Consolidate Ten Branch Offices in 2021.
Investors Bancorp - Expects Early Extinguishment Will Have a Positive Impact on Its Net Interest Margin, EPS Going Forward.
Investors Bancorp Inc - Expects Annual Savings of Approximately $3 Million to $4 Million in Connection Therewith Consolidation of Ten Branch Offices.
Investors Bancorp Inc - Expects to Incur Approximately $11 Million in Non-recurring Pre-tax Costs Relating to Branch Consolidations in Q4 of 2020.
Investors Bancorp Inc - Incurred $24 Million of Pre-tax Costs Associated With Early Extinguishment.
Investors Bancorp Inc - Also Intends to Consolidate Ten Branch Offices in 2021.
Investors Bancorp - Expects Early Extinguishment Will Have a Positive Impact on Its Net Interest Margin, EPS Going Forward.
Investors Bancorp Inc - Expects Annual Savings of Approximately $3 Million to $4 Million in Connection Therewith Consolidation of Ten Branch Offices.
Investors Bancorp Inc - Expects to Incur Approximately $11 Million in Non-recurring Pre-tax Costs Relating to Branch Consolidations in Q4 of 2020.