FFIC: 15-12G · delisting
Flushing Financial Corporation has filed Form 15 to terminate its registration under Section 12(g) of the Securities Exchange Act of 1934. This filing confirms that the company is no longer required to file periodic reports under Sections 13 and 15(d) following its merger with OceanFirst Financial Corp. The filing cites Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i) as the basis for terminating reporting duties. As of the certification date, there are zero holders of record for Flushing Financial Corporation's common stock, reflecting the completion of the acquisition process. OceanFirst Financial Corp. is identified as the successor by merger. Steven J. Tsimbinos, SEVP & General Counsel and Corporate Secretary of OceanFirst, signed the certification on behalf of the successor entity.
FFIC: 8-K · acquisition merger
Flushing Financial Corporation (FFIC) has officially closed its merger with OceanFirst Financial Corp (OFG), effective June 1, 2026. In the transaction, Flushing shareholders received 0.85 shares of OceanFirst common stock for each share of Flushing stock held, with approximately 29.30 million new OceanFirst shares issued in total. Trading in Flushing Financial Corporation shares has been suspended on Nasdaq, and the company has filed for delisting. As a result of the merger, all directors and officers of Flushing have ceased their roles, and OceanFirst Financial Corp is the surviving entity. OceanFirst intends to file Form 15 to terminate its reporting obligations for the Flushing entity.
OceanFirst Financial Corp. Completes Merger with Flushing Financial Corporation and $225 Million Strategic Investment from Warburg Pincus
Flushing Financial Corporation (FFIC) has completed its merger with OceanFirst Financial Corp. (OCFC), effectively ending FFIC's existence as a separate public entity. FFIC shareholders received 0.85 shares of OCFC common stock for each share of FFIC stock held, along with cash for fractional shares. Concurrently, OceanFirst closed a $225 million strategic equity investment from Warburg Pincus, which also secured a seat on the combined company's board. The combined entity operates under the OceanFirst brand with 71 retail branches and approximately $23 billion in assets, expanding its footprint across New Jersey, New York, and Long Island.
FFIC: 25-NSE · delisting
Flushing Financial Corp has filed Form 25-NSE, formally notifying the SEC of the withdrawal of its securities from listing and registration on the exchange. This filing confirms that the company's shares are no longer listed for public trading. Form 25 is typically filed when a company fails to meet exchange listing requirements, is acquired, or voluntarily delists due to financial distress. Investors should note that the ticker 923139 is effectively retired from the exchange. Any remaining shares will likely trade on the OTC markets or become worthless depending on the underlying reason for delisting.
FFIC: 10-Q · periodic report
Flushing Financial Corporation reported net income of $5.8 million for the first quarter of 2026, reversing a $9.8 million loss in the prior-year period. The turnaround was driven by a 16 basis point expansion in net interest margin to 2.67% and lower interest expenses, which offset a decrease in non-interest income. The company remains on track to merge with OceanFirst Financial Corp. in an all-stock transaction valued at 0.85 shares of OceanFirst for each share of Flushing. All regulatory approvals have been received, and the merger is expected to close by June 1, 2026. Asset quality showed some deterioration, with non-performing assets rising to $68.2 million, or 0.77% of total assets, up from 0.68% in December. The allowance for credit losses covered 87.9% of non-performing loans at quarter-end.
Flushing Financial Corporation Reports First Quarter 2026 Results; Net Interest Margin Expands 16 Basis Points Year Over Year; 1Q26 GAAP and Core EPS of $0.17 and $0.29, Respectively
Flushing Financial returned to profitability in Q1 with GAAP EPS of $0.17 versus a year-ago loss, while Core EPS increased 26% to $0.29. Net interest margin expanded 16 basis points year-over-year to 2.67%, supported by a 15% rise in noninterest-bearing deposits and a 13 basis point reduction in the cost of funds. The company reported a loan pipeline of $327.4 million, up 55% year-over-year, and remains focused on completing its pending transaction with OceanFirst Financial Corp.
OceanFirst Financial Corp. And Flushing Financial Corporation Announce Receipt of All Requisite Regulatory and Shareholder Approvals to Complete Proposed Merger and Annual Meeting Date
Flushing Financial Corporation announced that all necessary regulatory approvals have been received for its pending merger with OceanFirst Financial Corp. The Federal Reserve granted its approval on April 24, 2026, following prior approvals from the New York State Department of Financial Services and the Office of the Comptroller of the Currency. The companies have also secured shareholder approval for the transaction, which was previously announced on April 2, 2026. OceanFirst and Flushing expect the merger to close no later than June 1, 2026, subject to the satisfaction or waiver of remaining customary closing conditions.
