Flushing Bank Participating in Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant Program to Assist Local Small Businesses and Non-Profit Organizations

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) announces its participation in the FHLBNY Small Business Recovery Grant Program, aimed at supporting workers impacted by COVID-19 revenue declines. CEO John R. Buran emphasized the bank's commitment to helping local small businesses and non-profits recover financially. This initiative highlights the bank's role in community economic recovery. Flushing Bank offers a comprehensive range of services to various clients, including real estate lending and online banking options.

Positive

• Participation in the FHLBNY Small Business Recovery Grant Program demonstrates commitment to community support.
• Focused on assisting small businesses and non-profits in recovery from COVID-19 impact.

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• None.

UNIONDALE, N.Y., May 06, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank is once again participating in the FHLBNY Small Business Recovery Grant Program. This program supports the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis.

“As our communities and small businesses continue to recover from the lingering impact of the COVID-19 crisis, we have a responsibility as a community bank to provide support and facilitate the distribution of available funds to those in need. Our participation in this program provides support to small businesses and non-profit organizations in the communities we serve.” stated John R. Buran, President and CEO. “We recognize the critical role that these two sectors play in our economic recovery and have reached out to local organizations to facilitate the grant application and fund disbursement process.” Buran said.

About Flushing Financial Corporation

Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank^®, a New York State—chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a 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. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking^®, which offers competitively priced deposit products to consumers nationwide, and BankPurely^®, an eco-friendly, healthier lifestyle community brand.

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, 2020 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.

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

FAQ

What is Flushing Financial Corporation's recent announcement regarding small businesses?

Flushing Financial Corporation announced its participation in the FHLBNY Small Business Recovery Grant Program to support small businesses impacted by COVID-19 revenue declines.

How does the FHLBNY Small Business Recovery Grant Program work?

The program provides financial support to workers employed by organizations that suffered revenue losses due to the COVID-19 crisis.

Who is the CEO of Flushing Financial Corporation?

The CEO of Flushing Financial Corporation is John R. Buran.

What services does Flushing Bank offer?

Flushing Bank offers a range of services including deposit, loan, equipment finance, and cash management services.

How can I learn more about Flushing Financial Corporation?

Additional information can be found on their website at flushingbank.com.