Mergers & Acquisitions ·
OceanFirst Financial Corp. completed its merger with Flushing Financial Corporation on June 1, 2026, with Flushing…
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.