OceanFirst and Flushing receive final regulatory approvals for merger
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Dividend Yield: 2.7%
Revenue Growth %: +42.9%
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OceanFirst Financial Corp. (NASDAQ: OCFC) and Flushing Financial Corporation (NASDAQ: FFIC) announced they have received all required regulatory and shareholder approvals to complete their proposed merger.
The Federal Reserve Board approved the transaction on April 24, 2026, following earlier approvals from the New York State Department of Financial Services on March 23, 2026, and the Office of the Comptroller of the Currency on April 6, 2026. Both companies received shareholder approval for the merger on April 2, 2026.
The companies expect to close the merger by June 1, 2026, subject to satisfaction of remaining customary closing conditions. Under the agreement, Flushing will merge with and into OceanFirst.
OceanFirst also announced its 2026 Annual Meeting of Stockholders will be held virtually on May 27, 2026, at 8:00 a.m. Eastern Time. The record date for stockholders eligible to vote is April 2, 2026.
OceanFirst operates as a $14.6 billion regional bank serving customers throughout New Jersey and metropolitan areas from Massachusetts through Virginia. The company's subsidiary, OceanFirst Bank N.A., was founded in 1902.
Flushing Financial Corporation operates Flushing Bank, a New York State-chartered commercial bank with offices in Queens, Brooklyn, Manhattan, and Long Island. The bank has operated since 1929 and offers deposit, loan, equipment finance, and cash management services.
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