Flushing Financial Secures Final Federal Reserve Approval for OceanFirst Merger

summarizeSummary

Flushing Financial Corp. announced it has received all necessary regulatory approvals, including from the Federal Reserve, for its merger with OceanFirst Financial Corp., clearing the path for an anticipated closing by June 1, 2026.

check_boxKey Events

• Final Regulatory Approval Secured

  The Board of Governors of the Federal Reserve System granted its approval on April 24, 2026, for the previously announced merger of Flushing Financial Corp. with OceanFirst Financial Corp.

• All Regulatory Hurdles Cleared

  With the Federal Reserve's approval, all necessary regulatory conditions for the proposed transaction have been satisfied, following prior approvals from the New York State Department of Financial Services and the Office of the Comptroller of the Currency.

• Merger Expected to Close by June 1

  The companies anticipate the merger will close no later than June 1, 2026, subject to the satisfaction or waiver of remaining customary closing conditions.

auto_awesomeAnalysis

Flushing Financial Corp. has received the final and most significant regulatory approval from the Federal Reserve for its merger with OceanFirst Financial Corp. This announcement confirms that all necessary regulatory hurdles have been cleared, significantly de-risking the transaction and providing a clear path to completion. The anticipated closing date of no later than June 1, 2026, indicates the merger is on track, which is a positive development for investors as it removes a major uncertainty surrounding the deal.