John R. Buran, President and CEO of Flushing Bank, Re-elected Chairman of Federal Home Loan Bank of New York

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) announced the re-election of John R. Buran as chairman of the Federal Home Loan Bank of New York, effective January 1, 2022. Buran has been a board member since 2010 and expressed his commitment to addressing industry challenges and enhancing housing opportunities across the region. Flushing Bank, a subsidiary, offers a range of financial services to various clients in New York and beyond, emphasizing real estate lending and eco-friendly banking options.

Positive

• John R. Buran's re-election as chairman strengthens the company's influence and representation within the FHLBNY, potentially benefiting its strategic goals.
• Flushing Bank's comprehensive service offerings position it well to capitalize on real estate lending opportunities.

Negative

• None.

UNIONDALE, N.Y., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that John R. Buran, President and CEO, has been re-elected chairman of the Federal Home Loan Bank of New York (FHLBNY) for a two-year term that will commence on January 1, 2022.

John R. Buran stated, “I am honored to continue to serve as chairman and am grateful to my fellow Directors for their vote of confidence. As a member of the FHLBNY Board since 2010, I look forward to working with my fellow board members and management on the challenging issues facing our industry, members, and communities we serve. The Federal Home Loan Bank of NY and its member banks play a significant role in improving housing opportunities and driving community development across New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands, and I am proud to play a part in this important effort.”

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.com^®, 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

Who is John R. Buran and what is his role at FFIC?

John R. Buran is the President and CEO of Flushing Financial Corporation and has been re-elected as chairman of the Federal Home Loan Bank of New York.

When does John R. Buran's term as chairman of the FHLBNY begin?

His term as chairman of the Federal Home Loan Bank of New York will commence on January 1, 2022.

What services does Flushing Bank offer?

Flushing Bank offers deposit, loan, equipment finance, and cash management services to various clients.

How does Flushing Financial Corporation impact housing opportunities?

Flushing Financial Corporation, through its subsidiary Flushing Bank, plays a significant role in improving housing opportunities in New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands.