Kearny Financial Corp Announces Wholesale Restructuring, Adoption Of Operating Efficiency Initiative

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 Kearny Financial Corp Announces Wholesale Restructuring, Adoption Of Operating Efficiency Initiative
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Dec 8 (Reuters) - Kearny Financial Corp:


* KEARNY FINANCIAL CORP. ANNOUNCES WHOLESALE RESTRUCTURING AND ADOPTION OF OPERATING EFFICIENCY INITIATIVE

* KEARNY FINANCIAL CORP - EXECUTED SALE OF $121.4 MILLION OF LOWER-YIELDING AVAILABLE-FOR-SALE DEBT SECURITIES FOR ESTIMATED AFTER-TAX LOSS OF ABOUT $11.0 MILLION

* KEARNY FINANCIAL CORP - ANNOUNCED ADOPTION OF A COMPANY-WIDE OPERATING EFFICIENCY INITIATIVE

* KEARNY FINANCIAL CORP - ACTIONS INCLUDE REDUCTION OF VENDOR SPEND, AND REALIGNMENT OF COMPANY'S WORKFORCE

* KEARNY FINANCIAL CORP - LOSS ON SALE OF SECURITIES IS EXPECTED TO HAVE A NOMINAL IMPACT ON TANGIBLE BOOK VALUE Source text for Eikon: Further company coverage:

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