OceanFirst Financial Corp. and Flushing Financial Corporation Announce Receipt of Regulatory and Shareholder Approvals to Complete Merger

Key Highlights

• Regulatory Approvals Secured: OceanFirst Financial Corp. (NASDAQ: OCFC) and Flushing Financial Corporation (NASDAQ: FFIC) have received all necessary regulatory approvals to complete their proposed merger. Key approvals include:
  • The Board of Governors of the Federal Reserve System (April 24, 2026)
  • New York State Department of Financial Services (March 23, 2026)
  • Office of the Comptroller of the Currency (April 6, 2026)
• Shareholder Approvals: Both OceanFirst and Flushing obtained shareholder approval for the transaction on April 2, 2026.
• Expected Closing: The merger is expected to close no later than June 1, 2026, pending satisfaction or waiver of remaining customary closing conditions.
• Annual Meeting Announcement: OceanFirst will host its 2026 Annual Meeting of Stockholders virtually on May 27, 2026, at 8:00 a.m. Eastern Time. The record date for voting is April 2, 2026.

Details of the Merger

The merger entails Flushing Financial Corporation merging with and into OceanFirst Financial Corp., bringing together two established financial institutions. OceanFirst Bank N.A., a subsidiary of OceanFirst, is a prominent \$14.6 billion regional bank serving the Northeastern U.S., while Flushing Bank, the banking arm of Flushing Financial, is a New York State-chartered commercial bank with a strong presence in the New York City metro area and Long Island.

The combination will expand OceanFirst’s footprint into the New York market and allow for significant cross-selling opportunities, enhanced customer services, and greater operational scale. Both banks offer a full suite of commercial and consumer banking products, with Flushing Bank particularly noted for its multicultural outreach and real estate lending expertise.

Shareholder and Investor Considerations

• Voting and Participation: Eligible shareholders are encouraged to vote on the merger and related matters prior to the Annual Meeting, either online, by telephone, or by mail. Voting instructions are provided on proxy materials. Shareholders can also vote during the live webcast with their 16-digit control number.
• Forward-Looking Statements and Risks: The press release contains numerous forward-looking statements about the merger, including expectations on timing, completion, and post-merger outcomes. Investors should be aware that these statements are subject to substantial risks and uncertainties, such as:
  • Potential delays or failure to close the merger
  • Unanticipated regulatory conditions
  • Impact on customer and employee retention
  • Integration challenges and realization of anticipated synergies
  • Market volatility and broader economic risks
  • Possible dilution from issuance of additional OceanFirst shares
• Price-Sensitive Information: The confirmation that all regulatory and shareholder approvals have been obtained and the anticipated closing date are significant milestones that could positively impact the share prices of both OceanFirst and Flushing Financial, contingent upon successful integration and realization of expected benefits.
• Access to Documents: Investors are urged to review the registration statement and joint proxy statement/prospectus filed with the SEC for full details. These documents are available at www.sec.gov and on the investor relations websites of both companies.

About the Companies

OceanFirst Financial Corp.

OceanFirst Bank N.A., founded in 1902, is a leading community-based financial institution in New Jersey, offering a wide range of financial services to business and retail customers throughout the Northeast. Visit www.oceanfirst.com for more information.

Flushing Financial Corporation

Flushing Bank, founded in 1929, serves customers in Queens, Brooklyn, Manhattan, and Long Island, and is recognized for its personalized approach and real estate lending expertise. It also operates online under the iGObanking and BankPurely brands. More information is available at FlushingBank.com.

Investor Relations Contacts

• OceanFirst Financial Corp.: Alfred Goon, SVP Corporate Development and Investor Relations ([email protected])
• Flushing Financial Corporation: Susan K. Cullen, SEVP Chief Financial Officer ([email protected])

Disclaimer

Disclaimer: This article contains forward-looking statements that are subject to risks and uncertainties. Actual events or results may differ materially from those described. Investors should review the full SEC filings and consult with their financial advisors before making investment decisions. This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities.

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