LAKE SUCCESS, N.Y., June 6, 2014 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it plans to relocate its headquarters and consolidate its non-branch personnel into one location. They have entered into a lease with RXR Plaza in Uniondale for over 90,000 square feet of space. As part of that lease, the Bank will also open a 1200 square foot branch in the building to serve employees as well as the numerous business tenants that occupy offices in the building. The design of the branch will be an innovative and interactive financial solutions center, equipped with state of the art technology and 24-hour access via an ATM.
John R. Buran, President and CEO of the Company, stated: "Over the past year, as our business continued to grow and our current lease nears its end, we recognized the need to identify a new headquarters location to enable us to sustain this growth and provide for the efficiencies and synergies that result from the majority of staff being under one roof." He also added:"Nassau County's strong real estate dynamics as well as the commitment by local government and community entities weighed favorably in our decision to stay in Nassau County. We worked closely with the Town of Hempstead Industrial Development Association on programs to support us in bringing over 250 employees to their town. This convenient location also allows us to stay connected with our branch network in the New York metro area while we look to expand the Bank's footprint in Nassau and Suffolk counties."
About Flushing Financial Corporation
Flushing Financial Corporation (Nasdaq:FFIC), with $4.8 billion in consolidated assets, 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, and public entities by offering a full complement of deposit, loan, and cash management services through its 17 banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. The Bank also operates an online banking division, iGObanking.com®, which offers competitively priced deposit products to consumers nationwide.
Additional information on the Bank and Flushing Financial Corporation may be obtained by visiting the Company's website at http://www.flushingbank.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release 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, 2013 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.
Maria A. Grasso Senior Executive Vice President, Chief Operating Officer Flushing Bank 718-961-5400