Columbia Financial, Inc. has announced the initiation of its seventh stock repurchase program, as authorized by the company's Board of Directors. The program allows for the acquisition of up to 1,800,000 shares, which represents approximately 1.7% of the company's currently issued and outstanding common stock. The buyback will be conducted through open market or private transactions, following guidelines set by the Securities and Exchange Commission. The repurchase program will be in effect for one year, with the timing and actual number of shares repurchased contingent on various factors such as price, market conditions, and regulatory requirements. The company reserves the right to modify or discontinue the program at any time.