ISBC 2017 Form 10-K & 2018 Proxy Statement

FORM 10-K INVESTORS BANCORP, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements 20. Subsequent Events As defined in FASB ASC 855, “ Subsequent Events ”, subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued or available to be issued. Financial statements are considered issued when they are widely distributed to stockholders and other financial statement users for general use and reliance in a form and format that complies with GAAP. On January 25, 2018, the Company declared a cash dividend of $0.09 per share. The $0.09 dividend per share was paid to stockholders on February 23, 2018, with a record date of February 9, 2018. On February 6, 2018, the Company announced the acquisition of a portfolio of capital equipment leases of approximately $350 million which will enhance its C&I lending capabilities with middle market companies. This acquisition includes a seven-person team of financing professionals to lead the Equipment Finance Group. 142