Flushing Bank Issues Inaugural Environmental, Social, and Governance Report

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) has released its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its commitment to community engagement. CEO John R. Buran emphasized the significance of this report in showcasing the company's efforts in volunteerism, community grants, and financing support for affordable housing and small businesses. Flushing Bank aims to enhance its ESG strategy as new opportunities arise, ultimately delivering value to its multicultural customer base.

Positive

• Launch of the inaugural Environmental, Social, and Governance Report highlights commitment to sustainability and community support.
• Focus on volunteer hours, community grants, and affordable housing financing may enhance brand image.
• Commitment to evolving ESG strategy indicates forward-thinking and responsiveness to community needs.

Negative

• None.

UNIONDALE, N.Y., June 06, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has issued its inaugural Environmental, Social, and Governance Report.

John R. Buran, President, and CEO of Flushing Bank, stated, “This inaugural Environmental, Social, and Governance (ESG) Report outlines our ESG strategy which captures our efforts throughout the years, including volunteer hours, community grants, lending support in the form of affordable housing, commercial and small business financing options, and multifamily and not-for-profit lending. We expect that our ESG strategy will continue to evolve as opportunities for new initiatives present themselves. Our goal is to deliver unique and relevant value to our customers, communities, and employees through our commitment to the prosperity and success of the multicultural communities we serve.”
To view, Flushing Bank’s Environment, Social, and Governance Report click here.

About Flushing Financial Corporation

Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank^®, an FDIC insured, New York State—chartered commercial bank that operates banking offices in Queens, Brooklyn, Manhattan, and on Long Island. The Bank has been building relationships with families, business owners, and communities since 1929. Today, it offers the products, services, and conveniences associated with large commercial banks, including a full complement of deposit, loan, equipment finance, and cash management services. Rewarding customers with personalized attention and bankers who can communicate in the languages prevalent within these multicultural markets is what makes the Bank uniquely different. As an Equal Housing Lender and leader in real estate lending, the Bank’s experienced lending teams create mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. The Bank also fosters relationships with consumers nationwide through its online banking division with the iGObanking^® and BankPurely^® brands.

Additional information on Flushing Bank and Flushing Financial Corporation may be obtained by visiting the Company’s website at FlushingBank.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and in other documents filed by the Company with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”, “goals”, “potential” or “continue” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. The Company has no obligation to update these forward-looking statements.

#FB

Contact:
Maria A. Grasso
Senior Executive Vice President, Chief Operating Officer
Flushing Bank
718-961-5400

FAQ

What is the significance of Flushing Financial Corporation's ESG Report?

Flushing Financial Corporation's ESG Report outlines their commitment to sustainability, community support, and diversity, showcasing initiatives like volunteerism and affordable housing financing.

How does Flushing Bank support affordable housing?

Flushing Bank supports affordable housing through financing options that encourage community development and assist property managers.

When was Flushing Financial Corporation's ESG Report released?

Flushing Financial Corporation released its inaugural ESG Report on June 6, 2022.

What initiatives are included in Flushing Financial's ESG strategy?

Flushing Financial's ESG strategy includes community grants, volunteer hours, and financing for affordable housing and small businesses.

What is the stock symbol for Flushing Financial Corporation?

The stock symbol for Flushing Financial Corporation is FFIC.