Buyer Group Announces Extension of Expiration Date in Tender Offer for Shares of Common Stock of Northfield Bancshares, Inc.

MINNEAPOLIS, Sept. 5, 2014 /PRNewswire/ -- The Buyer Group for shares of common stock of Northfield Bancshares, Inc. (the "Company") today announced that it is extending the expiration date of its previously announced cash tender offer (the "Offer") to purchase 680,738 or fewer shares of the Company's common stock for $21.50 per share plus any future "Acquisition Premium" to 5:00 p.m., Central time, on September 26, 2014.  Assuming all of the conditions to the Offer are fulfilled and it expires on September 26, 2014 at 5:00 p.m., Central time, it is anticipated that the Buyer Group will deliver cash to the offering shareholders for the shares tendered in the Offer on or about October 3, 2014.  The expiration date of the Offer originally was 5:00 p.m., Central time, on September 5, 2014.  The Buyer Group is extending the expiration date of the Offer because of regulatory delays outside of its control.

The Buyer Group consists of Barlow Banking Corporation, the John R. Barlow IRA, James C. Hays, Stephen T. Lerum, William L. Mershon and Howard B. Wenger. 

The terms and condition of the Offer are set forth in the Information Statement for the Acquisition of Shares of Common Stock of Northfield Bancshares, Inc. dated July 2, 2014, the related letter from the Buyer Group and the accompanying documents previously sent to all of the Company's shareholders (the "Offer Documents"), and such terms and conditions remain unchanged, except as amended to extend the expiration date of the Offer.  In addition, the Buyer Group has prepared and is delivering to the Company an Amendment to Information Statement for the Acquisition of Shares of Common Stock of Northfield Bancshares, Inc. dated September 5, 2014 (the "Amendment"), which will be sent to all of the Company's shareholders along with a new letter from the Buyer Group.  The Offer is subject to all of the conditions set forth in the Offer Documents and the Amendment, and the Buyer Group has the right to terminate, withdraw or amend the Offer at any time subject to applicable law.

As of 4:00 p.m., Central time, on September 4, 2014, approximately 414,551 shares of the Company's common stock had been tendered in the Offer. 

For more information, please contact John R. Barlow at telephone number 763.253.1812, email [email protected].

SOURCE The Buyer Group