LAKE SUCCESS, N.Y., June 21, 2007 (PRIME NEWSWIRE) -- Flushing Savings Bank, FSB (the "Bank"), a wholly owned subsidiary of Flushing Financial Corporation (Nasdaq:FFIC), today announced that they will be providing preferential pricing terms on SBA-guarantied loans for New York Military Veterans. The announcement was made by John R. Buran, Flushing Savings Bank's President and Chief Executive Officer. This announcement coincides with the recent SBA News Release which listed Flushing Savings Bank as one of the lenders providing incentive pricing to New York Military Veterans.
Mr. Buran stated: "In recognition of their service to our country, Flushing Savings Bank is extremely pleased to be able to offer preferential pricing terms on SBA-guarantied loans to these brave men and women who served in our Military. For New York Military Veterans, Flushing Savings Bank will be reducing the interest rate by 0.50% for SBA-guarantied loans up to $500,000. Additionally, the Bank will waive repayment of the SBA guaranty fee, which amounts to 2% of the guarantied amount on loan applications up to $150,000, and 1% on loan amounts from $150,000 to $500,000."
Over the past several years, Flushing Savings Bank has been recognized as one of the top SBA Lenders in the New York District as reflected in both number and loan amounts approved.
"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, 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.
About Flushing Financial Corporation
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.
Additional information on Flushing Financial Corporation may be obtained by visiting the Company's web site at http://www.flushingsavings.com.