US EditionOceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and ...
Warburg Pincus commits $225 million to back all-stock merger creating a $23 billion regional bank with 16% estimated EPS accretion by 2027, expanding presence in deposit-rich markets.
- Dec. 29, 2025, OceanFirst Financial Corp. and Flushing Financial Corporation entered a definitive all-stock merger agreement, with affiliates of funds managed by Warburg Pincus committing $225 million in new equity.
- Flushing Financial Corporation's 95+ year distribution network and OceanFirst Financial Corp.'s relationship-driven model combine to expand market reach in Suffolk, Nassau, Queens, Brooklyn, and Manhattan counties.
- Under the merger, OceanFirst will sell approximately 9.7 million common shares and non‑voting equivalents at $19.76 per share, and will issue warrants ~11.4 million, with Flushing stockholders receiving 0.85x of OceanFirst common stock per share.
- Ownership post-close is expected to allocate roughly 30% to Flushing holders, 12% to Warburg Pincus and 58% to OceanFirst holders.
- OceanFirst will file a Form S-4 registration statement with the SEC including a joint proxy statement/prospectus, and investors can obtain documents from the SEC and OceanFirst and Flushing investor relations websites.
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Shareholder Alert: The Ademi Firm investigates whether Flushing Financial Corp. is obtaining a Fair Price for its Public Shareholders
/PRNewswire/ -- Ademi LLP is investigating Flushing (NASDAQ: FFIC) for possible breaches of fiduciary duty and other violations of law in its recently...
OceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and ...
Creates a scaled, high performing regional bank with $23 billion in assets strategically located in attractive New Jersey, Long Island and New York marketsMeaningfully enhances profitability metrics with estimated EPS accretion of 16%, ROATCE of 13% and ROAA of 1.00%…
OceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and $225 Million Strategic Investment from Warburg Pincus - Flushing Financial (NASDAQ:FFIC), OceanFirst Financial (NASDAQ:OCFC)
Creates a scaled, high performing regional bank with $23 billion in assets strategically located in attractive New Jersey, Long Island and New York marketsMeaningfully enhances profitability metrics with estimated EPS
Mid Florida Newspapers
OceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and $225 Million Strategic Investment from Warburg Pincus
Creates a scaled, high performing regional bank with $23 billion in assets strategically located in attractive New Jersey, Long Island and New York marketsMeaningfully enhances profitability metrics with estimated EPS accretion of 16%, ROATCE of 13% and ROAA of 1.00%…
OceanFirst Financial to Buy Flushing Financial in $579M Stock Deal, Adds Warburg Pincus $225M
OceanFirst Financial (NASDAQ:OCFC) executives outlined plans to acquire Flushing Financial Corp in an all-stock merger, describing the deal as a strategic acceleration of OceanFirst’s multiyear push into the New York City and Long Island markets. Deal structure and strategic focus Chairman and CEO Chris Maher said the companies have entered into a definitive agreement under […]
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