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Kearny Financial-Clifton Bancorp deal secures regulatory approvals/waivers

New Jersey-based Kearny Financial Corp. and Clifton Bancorp Inc. have secured all the requisite regulatory approvals or waivers for their pending merger.

The parties reiterated that they expect to complete the deal in early April. When the all-stock transaction was announced in November 2017, it was valued at $408 million in aggregate. Kearny said it expects the acquisition of Clifton to be accretive to its fiscal 2019 EPS by approximately 40%.