Thomas M. Buonaiuto Joins Flushing Bank as Senior Executive Vice President, Chief of Staff and Deposit Channel Executive
Flushing Financial Corporation (Nasdaq: FFIC) announced the appointment of Thomas M. Buonaiuto to its Executive Team, effective October 31, 2020. This move follows the company's acquisition of Empire Bancorp. CEO John R. Buran expressed optimism about Buonaiuto's extensive experience in banking on Long Island, which is expected to enhance strategic planning and deposit growth opportunities. Flushing Bank offers a range of services, including real estate lending and online banking, serving diverse clients throughout New York.
- Appointment of Thomas M. Buonaiuto to Executive Team, enhancing management capabilities.
- Potential for increased deposit growth and strategic planning due to Buonaiuto's local market experience.
- None.
UNIONDALE, N.Y., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Thomas M. Buonaiuto has joined Flushing Bank’s Executive Team, effective October 31, 2020, as part of Flushing Financial’s acquisition of Empire Bancorp.
John R. Buran, President and CEO of Flushing Bank, stated “I am very pleased to have Tom join our team and look forward to working with him on a broad range of critical activities including strategic planning, diversifying our income streams, and identifying opportunities for deposit growth as we expand our brand and branch network on Long Island. Tom has spent most of his career in banking on Long Island and brings with him a depth of experience that will provide unique insights into the newly acquired Empire customer segments and the broader Suffolk County 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.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, 2019 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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