John R. Buran Participates in Panel Discussion on Future of Commercial Real Estate for FDIC Podcast
Flushing Financial Corporation (Nasdaq: FFIC) announced that CEO John R. Buran participated in a panel at the 2021 Federal Reserve/CSBS/FDIC Community Banking conference, addressing the future of commercial real estate. Buran highlighted the pandemic's impact on the economy and commercial real estate, noting that Flushing Bank's robust portfolio continues to perform well. He expressed optimism about economic recovery despite varying recovery rates across regions and sectors.
Flushing Bank operates in New York and serves a broad clientele, offering diverse banking services.
- Flushing Bank's commercial real estate portfolio continues to perform well despite pandemic challenges.
- CEO's participation in a key industry conference indicates strong leadership and engagement.
- The economic recovery may vary significantly by geography and category of use, indicating potential risks.
UNIONDALE, N.Y., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that John R. Buran, President and Chief Executive Officer of Flushing Bank, participated in a panel discussion on the Future of Commercial Real Estate as part of the 2021 Federal Reserve/CSBS/FDIC Community Banking in the 21st Century conference, held on September 29, 2021. A podcast of the panel discussion is now available via this link.
John R. Buran, President and Chief Executive Officer stated “It was my pleasure to participate on the panel with other industry peers to discuss opportunities and challenges facing community banks, specifically related to the future of commercial real estate. The COVID pandemic has had far-reaching impacts on many facets of our economy, and the commercial real estate market is no exception. Flushing Bank has a sizeable commercial real estate portfolio that has continued to perform well despite the many challenges presented by the pandemic. While rates of recovery vary based on geography and category of use, I am optimistic that we will continue to see signs of economic recovery and return to normalcy in our market.”
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
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