OceanFirst to buy Flushing Bank in $579M NY expansion

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AI Summary

OceanFirst will acquire Flushing Bank for $579 million, creating a bank with approximately $23 billion in assets and 80 locations. The deal includes a $225 million investment from Warburg Pincus.

Texas Relevance

The article does not mention Texas, TCUD, or any Texas-specific entities. It focuses on an expansion in New York.

Original Content

The transaction, including a $225 million investment from private-equity firm Warburg Pincus, would create a roughly $23 billion-asset bank with 80 locations.