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Gold Coast Bancorp shareholders approve merger with Investors Bancorp.

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BANKING AND CREDIT NEWS-December 17, 2019--Gold Coast Bancorp shareholders approve merger with Investors Bancorp

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 17 December 2019

Investors Bancorp, Inc. (NASDAQ: ISBC), the parent company of Investors Bank, and Gold Coast Bancorp Inc. (OTC: GLDT), the parent company of Gold Coast Bank, have said that the Gold Coast Bancorp shareholders have approved the previously announced merger of Gold Coast Bancorp with and into Investors Bancorp.

Investors Bancorp stockholders' approval for the merger was not required. The closing of the transaction is subject to a number of conditions as set forth in the merger agreement between Investors Bancorp and Gold Coast Bancorp dated as of July 24, 2019.

Under the terms of the merger agreement, each Gold Coast Bancorp shareholder will receive, at the shareholder's election, 1.422 shares of Investors Bancorp common stock, USD15.75 in cash, or a combination of Investors Bancorp common stock and cash, subject to adjustment as set...

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