LAKE SUCCESS, N.Y., June 18, 2007 (PRIME NEWSWIRE) -- Flushing Financial Corporation (Nasdaq:FFIC), the parent holding company of Flushing Savings Bank, FSB, today announced the launch of the Bank's new subsidiary, Flushing Commercial Bank. This limited-purpose commercial bank provides Flushing with the opportunity to attract deposits from municipalities and courts in the State of New York.
John R. Buran, Flushing Financial's President and Chief Executive Officer, commented: "We are excited about the opportunity this new commercial bank offers us. Our plans are to target the local municipalities and courts with a full complement of competitively priced deposit products. We believe that our ongoing commitment and strong relationships in the communities we serve make us an ideal financial partner to support State, City & Municipal Government Agencies in the day-to-day operation of their business."
"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 year ended December 31, 2006 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," "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.
Flushing Financial Corporation is the holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC. The Bank conducts its business through fourteen banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. Additionally, the Bank has further expanded outside its geographic footprint with its online banking division, iGObanking.com.
For more information relating to Flushing Financial Corporation and Flushing Savings Bank, please visit our Web Site at www.flushingsavings.com.