Columbia Financial, Inc., Columbia Bank MHC, and Columbia Bank Appoint Daria Stacy-Walls Torres as Director and Member of Audit Committee
July 29, 2021 at 12:04 pm
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On July 26, 2021, the Board of Directors of Columbia Financial, Inc., Columbia Bank MHC and Columbia Bank appointed Daria Stacy-Walls Torres as a director of the Company, the MHC and the Bank effective as of July 27, 2021. In connection with her appointment as director, Ms. Torres was also appointed to serve on the Audit Committee of the Board of Directors of the Company, the MHC and the Bank. Columbia Financial, Inc. also announced that Ms. Torres will also serve on the Audit Committee of the Company and the Bank. Ms. Torres’ appointment brings the Company's total number of directors to ten, nine of whom are independent non-executive directors. Ms. Torres is the founder and Managing Partner of Walls Torres Group, LLC. Ms. Torres has more than 20 years of experience as a strategy consultant and advisor to CEOs, boards and executive teams. Prior to founding Walls Torres Group, Ms. Torres served as a McKinsey & Company engagement manager and Lockheed Martin systems engineer. Ms. Torres currently serves as an independent member of the board of directors of Human Resolution Technologies.
Columbia Financial, Inc. is the holding company of Columbia Bank and Freehold Bank, each of which is a federally chartered stock savings bank. Through Columbia Bank and Freehold Bank, the Company serves the financial needs of its depositors and the local community as community-minded, customer service-focused institutions. It offers traditional financial services to businesses and consumers in its market areas. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans. It offers title insurance through its wholly owned subsidiary, First Jersey Title Services, Inc. In addition, RSI Insurance Agency, Inc., a wholly owned subsidiary of Columbia Bank, is a full-service insurance agency that offers a range of insurance products and investment solutions.