Flushing Bank Provided Financing For Manhattan Country School New Location
October 17 2016 - 10:55AM
Flushing Financial Corporation (the “Company”) (Nasdaq:FFIC), the
parent holding company for Flushing Bank (the “Bank”), announced
that the Bank has provided a twenty-two million dollar Build NYC
Resource Corporation Tax Exempt Bond to finance the acquisition and
renovation of the new 150 West 85th Street, Manhattan facility for
the Manhattan Country School. The announcement was made by John R.
Buran, President and Chief Executive Officer.
Mr. Buran stated: “We are pleased that we
could provide a financing solution for the Manhattan Country
School. This institution has been providing students with a
progressive education since 1966. This new location will allow the
school to expand its enrollment from 200 to 400, adding a second
class to every grade level. This new facility also provides
on-site gym facilities, larger auditorium, more classrooms and
better teacher facilities. As a community bank, we recognize the
importance of supporting local institutions that provide essential
services and contribute to the economic development of the
community.”
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, and
cash management services through its 19 banking offices located in
Queens, Brooklyn, Manhattan, and Nassau County. As a leader in real
estate lending, the Bank’s experienced lending team creates
mortgage solutions for real estate owners and property managers
both within and outside the New York City metropolitan area. The
Bank also operates an online banking division, iGObanking.com®,
which offers competitively priced deposit products to consumers
nationwide. Additional information on Flushing 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, 2015 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.
Contact:
Maria A. Grasso
Senior Executive Vice President, Chief Operating Officer
Flushing Bank
718-961-5400
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