MergerApr 27, 2026, 07:36 AM
OCFC & FFIC Merger Receives All Regulatory & Shareholder Approvals
AI Summary
OceanFirst Financial Corp. and Flushing Financial Corporation announced the receipt of all necessary regulatory approvals for their previously announced merger. The Federal Reserve, New York State Department of Financial Services, and Office of the Comptroller of the Currency have all granted their approvals, following earlier shareholder approvals from both companies. With no further regulatory hurdles, the merger is anticipated to close by June 1, 2026, subject to customary closing conditions. Additionally, OceanFirst announced its 2026 Annual Meeting of Stockholders will be held virtually on May 27, 2026.
Key Highlights
- OceanFirst and Flushing received all requisite regulatory approvals for their merger.
- Approvals granted by Federal Reserve (April 24, 2026), NYSDFS (March 23, 2026), and OCC (April 6, 2026).
- Both companies previously received shareholder approval for the transaction on April 2, 2026.
- The merger is expected to close no later than June 1, 2026.
- OceanFirst's 2026 Annual Meeting of Stockholders will be held virtually on May 27, 2026, at 8:00 a.m. ET.
- The record date for voting at the Annual Meeting was Thursday, April 2, 2026.