Flushing Bank Provides Financing for Turtle Bay Music School New Location
UNIONDALE, N.Y., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that the Bank has provided a commercial mortgage and a non-revolving line of credit to finance the acquisition and renovation of the new facility for the Turtle Bay Music School located at 330 East 38th Street, Manhattan. 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 Turtle Bay Music School. This institution has been providing access to music education, appreciation and performance since 1925. This new location will allow for the expansion of the private music school. The move has almost doubled the size of the school’s facilities, which allows Turtle Bay Music School to continue providing the programs previously offered, along with the addition of a new pre-school program. As a community bank, we recognize the importance of supporting local institutions that provide affordable, educational experiences that contribute to the economic and cultural development of the community.”
About Turtle Bay Music School
Turtle Bay Music School (TBMS) is a nonprofit community music school in east midtown Manhattan that serves over 5,000 New Yorkers each year through lessons, classes, and community programs. Founded in 1925, TBMS strives to share the transformative power of music with all those who seek it.
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 Long Island. 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. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking.com®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, our eco-friendly, healthier lifestyle community brand.
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, 2017 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. GrassoSenior Executive Vice President, Chief Operating Officer Flushing Bank718-961-5400