Flushing Bank Accepting Applications for the Main Street Lending Program
July 20 2020 - 12:30PM
Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the
parent holding company for Flushing Bank (the “Bank”), announced
today that it has begun accepting applications for the Main Street
Lending Program made available to businesses through the Federal
Reserve.
The Federal Reserve established the Main Street
Lending Program to support lending to small and medium-sized
businesses that were in sound financial condition before the onset
of the COVID-19 pandemic. The Program will operate through three
facilities: the Main Street New Loan Facility (MSNLF), the Main
Street Priority Loan Facility (MSPLF), and the Main Street Expanded
Loan Facility (MSELF).
John R. Buran, President and Chief Executive
Officer, stated, “We are very pleased that Flushing Bank has been
approved as one of only nine participating Main Street Lending
Program lenders in New York and that we have begun accepting
Program applications. We recognize that small and medium-sized
businesses in our market are struggling to manage through this
healthcare crisis. These businesses play an important role in the
economic health of our local communities and are vital to our
economic recovery. As a community bank, it is our job to partner
with businesses in our communities to provide support to help get
them through this difficult time.”
For additional information on the Main Street
Lending Program, visit the Bank’s website at
flushingbank.com/covid19relief.
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 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 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 fiscal year ended December 31, 2019 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”, “goals”, “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
Bank718-961-5400
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