Federal Reserve Approves OceanFirst-Flushing Financial Merger
Summary
The Federal Reserve Board has approved the application by OceanFirst Financial Corp., headquartered in Toms River, New Jersey, to merge with Flushing Financial Corporation and thereby indirectly acquire Flushing Bank, both of Uniondale, New York. The approval was announced on April 24, 2026 at 4:00 p.m. EDT. This merger approval allows the combined entity to proceed with integration, creating a larger regional banking organization operating in the Northeast.
“The Federal Reserve Board on Friday announced its approval of the application by OceanFirst Financial Corp., of Toms River, New Jersey, to merge with Flushing Financial Corporation, and thereby indirectly acquire Flushing Bank, both of Uniondale, New York.”
Bank holding companies considering merger or acquisition strategies should review the Federal Reserve's conditional approval framework for consolidation transactions, particularly regarding Community Reinvestment Act evaluations and concentration limits that may affect deal structuring and timelines.
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GovPing monitors Federal Reserve All Releases for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 11 changes logged to date.
What changed
The Federal Reserve Board issued an order approving the merger application submitted by OceanFirst Financial Corp. to combine with Flushing Financial Corporation, which will result in OceanFirst indirectly acquiring Flushing Bank. The approval constitutes final agency action on the application.
Bank holding companies and their legal counsel tracking consolidation activity in the regional banking sector should note this approval as an indicator of the Federal Reserve's current posture on bank merger applications. The combined entity will operate under OceanFirst's holding company structure with expanded presence in the New York metropolitan area.
Archived snapshot
Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Release
April 24, 2026
Federal Reserve Board announces approval of application by OceanFirst Financial Corp.
For release at 4:00 p.m. EDT
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The Federal Reserve Board on Friday announced its approval of the application by OceanFirst Financial Corp., of Toms River, New Jersey, to merge with Flushing Financial Corporation, and thereby indirectly acquire Flushing Bank, both of Uniondale, New York.
For media inquiries, please email [email protected] or call 202-452-2955.
Related Content
- Board Votes Last Update: April 24, 2026
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