FAIRFIELD, N.J. and CLIFTON, N.J., March 23, 2018 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (Nasdaq:KRNY) and Clifton Bancorp Inc. (Nasdaq:CSBK) expect that their proposed merger transaction will be completed prior to market hours on April 2, 2018. The parties previously announced that shareholders of both companies approved the merger at their respective shareholder meetings held on March 1, 2018, and that all required regulatory approvals or waivers were received.

The combined company is expected to have a network of 54 full service banking locations operating across northern and central New Jersey.

About Kearny Financial Corp.

Kearny Financial Corp. is the parent company of Kearny Bank. Kearny Bank operates from its administrative headquarters in Fairfield, New Jersey, and a total of 42 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At December 31, 2017, Kearny Financial Corp. had approximately $4.84 billion in total assets.

About Clifton Bancorp Inc.

Clifton Bancorp Inc. is the holding company for Clifton Savings Bank, a federally chartered savings bank headquartered in Clifton, New Jersey. Clifton Savings Bank is a metropolitan, community-focused bank serving residents and businesses in its market area through 12 full-service banking centers. For additional investor relations information, including subscribing to email alerts, visit cliftonbancorp.com. At December 31, 2017, Clifton Bancorp Inc. had approximately $1.67 billion in total assets.