Flushing Financial Reports Annual Shareholder Meeting Results
UNIONDALE, N.Y., May 25, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that on May 16, 2023, it held its annual shareholder meeting, in a virtual-only format. At the meeting, by overwhelming majorities all of the Company’s nominees were elected and the shareholders ratified the selection of BDO USA, LLP as Flushing Financial’s independent registered public accounting firm for the year ending December 31, 2023. In addition, the shareholders supported, also overwhelmingly, the board-sponsored proposals to approve, on an advisory basis, the compensation of the Company’s named executive officers and the one-year frequency of future advisory votes to approve the compensation of the Company’s executive officers.
“We thank all shareholders for their engagement, participation, and ongoing support. Last year was a year filled with market volatility and aggressive rate movements by the Federal Reserve. Despite the challenging environment, the Company recorded its second highest annual core earnings, which followed record earnings in 2021,” stated John R. Buran, President and Chief Executive Officer.
The voting results were verified by the independent inspectors of election and are available on the Company’s Form 8-K filed with the Securities and Exchange Commission on May 18, 2023.
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, 2022, 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.
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Contact:
Susan K. Cullen
Senior Executive Vice President, Chief Financial Officer and Treasurer
Flushing Bank
718-961-5400
