Flushing Financial, OceanFirst Secure Shareholder Approvals for Merger
Summary
Flushing Financial Corp. (FFIC) and OceanFirst Financial Corp. (OCFC) have announced the receipt of requisite shareholder approvals for their previously announced merger transaction. This significant milestone follows recent regulatory approvals granted by 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. The shareholder and key regulatory approvals substantially de-risk the merger, increasing the likelihood of its successful completion and reducing uncertainty for investors in both banking institutions. The transaction, initially agreed upon in December 2025, now awaits the final requisite regulatory approval from the Board of Governors of the Federal Reserve System before it can be consummated.
At the time of this announcement, FFIC was trading at $15.77 on NASDAQ in the Finance sector, with a market capitalization of approximately $534.3M. The 52-week trading range was $10.65 to $17.79. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Access Newswire.