Regulatory Alerts2026-04-24
Federal Reserve Board Approves OceanFirst Financial Corp. Merger with Flushing
The Federal Reserve Board approved OceanFirst Financial Corp.’s application to merge Flushing Financial Corporation and its subsidiary, Flushing Bank, into OceanFirst’s New Jersey-based banking operations. The interstate transaction consolidates approximately $23.3 billion in assets and $18.3 billion in deposits, positioning the combined entity as the 94th largest insured depository organization in the United States. After evaluating competitive, financial, managerial, and community reinvestment factors, the Board concluded that the merger will not substantially lessen competition in the Metro New York City market and satisfies all statutory requirements under the Bank Holding Company Act.
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