Mergers & Acquisitions ·
OceanFirst completes merger with Flushing Financial, issuing 29.30M shares and assuming $251.86M in debt while raising $225M from Warburg Pincus
OCFCOceanfirst Financial Corp
OceanFirst Financial Corp. completed its merger with Flushing Financial Corporation on June 1, 2026, with Flushing shareholders receiving 0.85 shares of OceanFirst common stock for each share held. OceanFirst issued approximately 29.30 million shares for the merger and assumed $251.86 million in subordinated debt. Additionally, OceanFirst sold 9.5 million shares and 1,812 shares of a new non-voting common-equivalent stock to Warburg Pincus for $225 million, along with a warrant to purchase 11.4 million additional shares.