Business
Flushing Bank Receives Grant Money from Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant Program to Assist Local Small Businesses and Non-Profit Organizations
UNIONDALE, N.Y., June 22, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank
About this update from Flushing Financial Corporation
[{"type":"text","content":"UNIONDALE, N.Y., June 22, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank has received funds from the FHLBNY Small Business Recovery Grant Program. These funds are intended to support the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis. The Bank has begun to disburse the grant money to local small businesses and non-profit organizations in their market area.\n “Our participation in this grant program allows us to provide much needed support to small businesses and non-profit organizations, both customers and non-customers, in the communities we serve.” stated John R. Buran, President and CEO. “Small businesses will be the engine for economic recovery in our local communities and we must provide assistance to get them back on their feet. Non-profit organizations are playing an important role in providing support to the individuals and families struggling in our communities. As a community bank, we have a responsibility to facilitate the distribution of available funds to support members of our communities affected by the COVID-19 crisis.” Buran said. 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, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a leader in real estate lending, the Bank’s experienced lending teams create mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, an eco-friendly, healthier lifestyle community brand. Additional information on Flushing Bank and Flushing Financial Corporation may be obtained by visitin...