Equity Investment

OceanFirst Financial and Flushing Financial will merge in an all-stock deal, creating a $23 billion asset bank. Warburg Pincus will invest $225 million in equity. The combined entity will have 71 branches across New Jersey, Long Island, and New York. The merger is expected to boost earnings per share by 16% and achieve a 13% ROATCE by 2027. The deal, valued at $579 million for Flushing Financial, is projected to close in Q2 2026.