Flushing Bank Leases New Suffolk County Location in the Hauppauge Industrial Park

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) announced the lease of a new full-service branch in Hauppauge Industrial Park, Suffolk County. The new location aims to enhance the Bank's presence and relationships within the local business community, building on its prior acquisition of Empire National Bank. The branch is expected to open later this year, further expanding Flushing Bank's operations in a key market area.

Positive

• Opening a new full-service branch in Hauppauge Industrial Park enhances market presence.
• Builds upon existing relationships from the acquisition of Empire National Bank.

Negative

• None.

UNIONDALE, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has leased a new Suffolk County location in the Hauppauge Industrial Park. The Bank plans to open this new, full-service branch location later this year.

John R. Buran stated, “Our brand was first introduced to the Suffolk County market through our acquisition of Empire National Bank. This new Hauppauge location enables us to build upon our Suffolk County presence and further develop relationships within the market. The location is ideal for serving the business community within and around the Hauppauge Industrial Park.”

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 new branch in Hauppauge?

The new branch will enhance Flushing Financial Corporation's market presence in Suffolk County and strengthen relationships within the local business community.

When is the new Flushing Bank branch expected to open?

The new full-service branch is expected to open later this year.

How does the new branch relate to Flushing Financial Corporation's acquisition of Empire National Bank?

The new branch builds upon Flushing Financial Corporation's initial market presence established through the acquisition of Empire National Bank.

What is the location of Flushing Financial Corporation's new branch?

The new branch is located in Hauppauge Industrial Park, Suffolk County.