FFIC FLUSHING FINANCIAL CORP
Price Chart
Executive Summary
Flushing Financial Corp. (FFIC) has been acquired by OceanFirst Financial Corp. in a stock-for-stock merger that closed on June 1, 2026. Each FFIC share was converted into 0.85 shares of OceanFirst common stock, and FFIC common stock was delisted from Nasdaq effective immediately. All FFIC directors and officers have ceased serving, and the company will deregister its securities.
Actionable Insight
FFIC holders should evaluate the OCFC exchange ratio relative to their cost basis and consider tax implications of the merger. Monitor OCFC for post-merger integration updates and potential accretion/dilution disclosures.
Key Facts
- Merger closed June 1, 2026; FFIC shareholders receive 0.85 shares of OceanFirst (OCFC) per FFIC share.
- Approximately 29.30 million shares of OceanFirst common stock issuable as merger consideration.
- FFIC common stock delisted from Nasdaq after close of trading on June 1, 2026.
- All FFIC directors and officers, including Section 16 executive officers, ceased serving at the effective time.
- OceanFirst Financial Corp. is the surviving corporation; Flushing Bank will merge into OceanFirst Bank.
Financial Impact
FFIC shareholders receive 0.85 OCFC shares per FFIC share; total consideration ~29.30M OCFC shares. No cash component beyond fractional shares.
Risk Factors
- Post-merger integration risk for OceanFirst; potential earnings dilution if cost synergies fall short.
- FFIC no longer trades — holders must transact in OCFC or exit positions.
- Regulatory approval risk is resolved; no further deal risk.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-251765 |
| Document: 0001193125-26-251765-index-headers.html | 0001193125-26-251765 |
| Document: 0001193125-26-251765-index.html | 0001193125-26-251765 |
| Document: 0001193125-26-251765.txt | 0001193125-26-251765 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
15-12G
| — | awaiting T+20 | — | — |
|
Jun 3, 2026
10d ago
|
EFFECT
| $15.85 awaiting T+20 | awaiting T+20 | — | — |
|
Jun 1, 2026
11d ago
|
8-K
| $15.85 awaiting T+20 | awaiting T+20 | — | — |
|
Apr 27, 2026
6w ago
|
8-K
| $16.06 $16.16 | ▲ +0.62% | ▼ −4.33% | — |
|
Feb 25, 2026
15w ago
|
8-K
| $15.85 $14.83 | ▼ −6.44% | ▼ −1.20% | — |
US Market Status
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