OceanFirst to acquire Flushing Financial in 0.85 exchange ratio deal; Warburg invests $225M

OCEANFIRST FINANCIAL CORP

Each Flushing share converted into 0.85 shares of OceanFirst common stock.
Warburg Pincus invests $225M at $19.76/share for ~9.7M common shares plus NVCE stock and warrant for ~11.4M shares.
Expected closing Q2 2026, subject to regulatory and shareholder approvals.
Termination fee $21.4M from either party; OceanFirst may owe $46.3M if Warburg investment not consummated.
Post-merger board: 17 directors; Flushing CEO John Buran non-executive chairman for 2 years.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OCEANFIRST FINANCIAL CORP entered into Agreement and Plan of Merger with Flushing Financial Corporation (effective 2025-12-29).

Action: entry
Agreement: merger
Counterparty: Flushing Financial Corporation
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, OceanFirst Financial Corp., a Delaware corporation (" OceanFirst "), Flushing Financial Corporation, a Delaware corporation (" Flushing "), and Apollo Merger Sub Corp., a Delaware corporation and wholly-owned subsidiary of OceanFirst (" Merger Sub "), entered into an Agreement and Plan of Merger (the " Merger Agreement ").

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119 material agreements filed in the last 30 days. Browse all material agreements →

OCEANFIRST FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-002442

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