LAKE SUCCESS, N.Y., June 16, 2008 (PRIME NEWSWIRE) -- Flushing Financial Corporation (Nasdaq:FFIC) (the "Company"), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), and its wholly-owned subsidiary, Flushing Commercial Bank, today announced that Richard Eng will receive the Empire State Certified Development Corporation's 2008 Lender of the Year Award at their June 24th Annual Dinner. The announcement was made by John R. Buran, Flushing Financial's President and Chief Executive Officer.
Mr. Buran stated: "I am very pleased that Richie will receive such a prestigious award from the Empire State Certified Development Corporation (ESCDC). Flushing Savings Bank, as a multi-year Silver Status Award winner, actively participates in a variety of SBA programs and refers a high volume of SBA 504 loans to the ESCDC. Richie, with his years of banking experience in the New York City market place, has been a strong proponent of the SBA 504 loan program. Already in 2008, Richie has referred five (5) SBA 504 loans of which four (4) loans were approved for New York City properties. Since joining the Bank in 2006, Richie and his staff have made great strides in continually referring a number of SBA 504 loans to the New York Business Development Corporation's New York City and Long Island offices."
Mr. Eng has over 25 years experience in Small Business and Middle Market lending. He holds a Bachelor of Science degree in Finance from Adelphi University. Mr. Eng lives in Bayside, Queens with his wife and two children.
About Flushing Financial Corporation
Flushing Financial Corporation is the parent holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC. The Bank serves consumers and businesses by offering a full complement of deposit, loan, and cash management services through its fourteen banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. The Bank also operates an online banking division, iGObanking.com(r), which enables the Bank to expand outside of its current geographic footprint. In 2007, the Bank established Flushing Commercial Bank, a wholly-owned subsidiary, to provide banking services to public entities including counties, towns, villages, school districts, libraries, fire districts and the various courts throughout the metropolitan area.
Additional information on Flushing Financial Corporation may be obtained by visiting the Company's web site at http://www.flushingsavings.com.
"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, 2007 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.