MergerApr 27, 2026, 07:47 AM
OCFC, FFIC Merger Receives All Regulatory Approvals; Close by June 1
AI Summary
OceanFirst Financial Corp. and Flushing Financial Corporation jointly announced the receipt of all necessary regulatory approvals for their proposed merger. This includes approvals from the Federal Reserve System, New York State Department of Financial Services, and the Office of the Comptroller of the Currency. With shareholder approvals already secured, the companies expect to close the merger no later than June 1, 2026. Additionally, OceanFirst announced its 2026 Annual Meeting of Stockholders will be held virtually on May 27, 2026.
Key Highlights
- OceanFirst Financial Corp. (OCFC) and Flushing Financial Corporation (FFIC) received all necessary regulatory approvals for their proposed merger.
- Federal Reserve System approval was received on April 24, 2026.
- New York State Department of Financial Services approved on March 23, 2026, and the Office of the Comptroller of the Currency on April 6, 2026.
- Both OceanFirst and Flushing shareholders approved the transaction on April 2, 2026.
- The merger is expected to close no later than June 1, 2026, subject to customary closing conditions.
- OceanFirst's 2026 Annual Meeting of Stockholders will be held virtually on May 27, 2026, at 8:00 a.m. Eastern Time.
- The record date for voting at the Annual Meeting was April 2, 2026.
Price Impact
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