Flushing Financial Announces the Death of Retired Board Member, Michael J. Russo
Flushing Financial Corporation (Nasdaq: FFIC) announced the passing of Michael J. Russo, a retired member of its Board of Directors, on January 9, 2023. Russo had served on the Board since the Company's formation in 1994 and was known for his extensive experience in various industries, including mechanical contracting and aviation. His leadership and insights were deeply valued by the organization. CEO John R. Buran and Chairman Alfred A. DelliBovi expressed their condolences, highlighting Russo's significant contributions to the Company and the Bank.
- Russo's extensive experience brought valuable insights to the Board.
- Leadership transition may lead to fresh perspectives for future strategies.
- Russo's passing creates a leadership gap, affecting continuity.
- Loss of Russo's experience may lead to challenges in decision-making.
UNIONDALE, N.Y., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Michael J. Russo, a recently retired member of the Board of Directors has passed away. He was 88.
Michael J. Russo retired from the Board of Directors on January 4, 2023 where he served as a Director on the Board of the Company and the Bank. He was a member of the Board of Directors of the Company since its formation in 1994 and of the Bank since 1984.
Michael J. Russo was self-employed as a consulting engineer and served as Chief Executive Officer and Corporate Secretary of Fresh Meadow Mechanical Corp., a mechanical contracting firm. Mr. Russo was also President and Director of Operations of Northeastern Aviation Corp., an aircraft charter and management firm, and was a partner in AMF Associates, a commercial real estate company. Mr. Russo also served as Chairman of the Board of Trustees of Flushing Hospital Medical Center. Prior to retiring in 2004, Mr. Russo served as Chairman of the Board of Anthony Russo, Inc., a general contracting firm, for over 40 years.
John R. Buran, President and Chief Executive Officer of Flushing Financial Corporation, stated: “I am deeply saddened by the news of Mike’s passing. He has been a friend and colleague for more than 20 years and I enjoyed working with him. Our organization benefited greatly from his insights and his guidance and counsel will be missed by all. I know I speak for all the Board members when I say that he has left a void in our organization."
Alfred A. DelliBovi, Chairman of Flushing Financial Corporation, stated: "The Board and staff extend our deepest condolences to the Russo family. We will be forever grateful to Mike for his dedication and service to Flushing Financial Corporation and the Bank. It has been a privilege for me and the other members of our Board of Directors to work with Mike over the years. He will be greatly missed by all."
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 was Michael J. Russo's role at Flushing Financial Corporation?
When did Michael J. Russo pass away?
How long was Michael J. Russo involved with Flushing Bank?
What impact might Russo's passing have on Flushing Financial Corporation?
Who expressed condolences regarding Michael J. Russo's death?
