OceanFirst and Flushing Merger Approved by Federal Reserve
OceanFirst Financial (OCFC) and Flushing Financial Corporation (FFIC) jointly announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System on April 24, to complete the proposed merger of Flushing with and into OceanFirst. The Federal Reserve approval follows recent approvals from the New York State Department of Financial Services and the Office of the Comptroller of the Currency on March 23, and April 6, respectively. All necessary regulatory approvals to complete the proposed transaction have now been received. In addition, as previously announced, both OceanFirst and Flushing received shareholder approval for the transaction on April 2, OceanFirst and Flushing expect to close the merger no later than June 1, subject to the satisfaction or waiver of the remaining customary closing conditions.
