UNIONDALE, N.Y., Nov. 24, 2020 (GLOBE NEWSWIRE) — Flushing Monetary Company (the “Firm”) (Nasdaq-GS: FFIC), the mother or father holding firm for Flushing Financial institution (the “Financial institution”), right this moment introduced that the Board of Administrators (the “Board”) declared a quarterly dividend on its frequent inventory of $0.21 per frequent share, payable on December 23, 2020 to shareholders of report on the shut of enterprise on December 9, 2020.
John R. Buran, the Firm’s President and Chief Government Officer, said: “Following our profitable acquisition and integration of Empire Bancorp, Inc., we stay nicely capitalized. Continued sturdy execution of our strategic aims has resulted in sturdy monetary efficiency and capital place to assist the declaration of a quarterly money dividend to shareholders. As a part of our dedication to reinforce the whole return to our shareholders, the Board will proceed to assessment future dividend funds on a quarterly foundation.”
FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding firm for Flushing Financial institution®, a New York State-chartered industrial financial institution insured by the Federal Deposit Insurance coverage Company. The Financial institution serves shoppers, companies, professionals, company purchasers, and public entities by providing a full complement of deposit, mortgage, gear finance, and money administration providers by way of its banking workplaces situated in Queens, Brooklyn, Manhattan, and on Lengthy Island. As a frontrunner in actual property lending, the Financial institution’s skilled lending workforce creates mortgage options for actual property house owners and property managers each inside and outdoors the New York Metropolis metropolitan space. Flushing Financial institution is an Equal Housing Lender. The Financial institution additionally operates a web-based banking division consisting of iGObanking.com®, which affords competitively priced deposit merchandise to shoppers nationwide, and BankPurely®, an eco-friendly, more healthy life-style group model.
“Secure Harbor” Assertion underneath the Non-public Securities Litigation Reform Act of 1995: Statements on this Press Launch regarding plans, methods, financial efficiency and tendencies, projections of outcomes of particular actions or investments and different statements that aren’t descriptions of historic info could also be forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933 and Part 21E of the Securities Alternate Act of 1934. Ahead-looking data is inherently topic to dangers and uncertainties, and precise outcomes might differ materially from these at present anticipated on account of various components, which embrace, however are usually not restricted to, danger components mentioned within the Firm’s Annual Report on Type 10-Ok for the fiscal 12 months ended December 31, 2019 and in different paperwork filed by the Firm with the Securities and Alternate Fee infrequently. Ahead-looking statements could also be recognized by phrases akin to “might”, “will”, “ought to”, “might”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”, “targets”, “potential” or “proceed” or comparable phrases or the unfavorable of those phrases. Though we consider that the expectations mirrored within the forward-looking statements are cheap, we can not assure future outcomes, ranges of exercise, efficiency or achievements. The Firm has no obligation to replace these forward-looking statements.
Further data on Flushing Monetary Company could also be obtained by visiting the Firm’s website at http://www.flushingbank.com.
Susan Ok. Cullen
Senior Government Vice President and
Chief Monetary Officer
Flushing Monetary Company