Shareholders Approve OceanFirst Merger; Key Regulatory Approvals Secured

summarizeSummary

Flushing Financial shareholders approved the merger with OceanFirst Financial, with a significant majority voting in favor, and the company also secured additional regulatory approvals.

check_boxKey Events

• Shareholder Approval Secured

  Flushing Financial stockholders approved the merger agreement with OceanFirst Financial Corp. at a special meeting held on April 2, 2026.

• Detailed Vote Results

  The merger proposal received 24,102,136 'For' votes, 628,640 'Against' votes, and 40,182 abstentions, indicating strong shareholder support.

• Key Regulatory Approvals Received

  The New York State Department of Financial Services and the Office of the Comptroller of the Currency have granted their requisite approvals for the transaction.

• Remaining Regulatory Condition

  The merger remains subject to the receipt of requisite regulatory approval from the Board of Governors of the Federal Reserve System and other customary closing conditions.

auto_awesomeAnalysis

This filing confirms a critical step towards the completion of the merger between Flushing Financial and OceanFirst Financial. The overwhelming shareholder approval removes a significant hurdle, and the receipt of additional regulatory approvals from the NYSDFS and OCC further de-risks the transaction. Investors should now focus on the remaining Federal Reserve approval, which is the final major regulatory condition for the merger to close. The fixed exchange ratio means FFIC shareholders will receive OCFC shares, aligning their future with the acquiring entity.