LAKE SUCCESS, N.Y., May 15 /PRNewswire-FirstCall/ -- Flushing Financial
Corporation (Nasdaq: FFIC), the parent holding company for Flushing Savings
Bank, FSB, today announced that the Board of Directors declared a quarterly
dividend on its common stock of $0.12 per common share, payable on June 29,
2007 to shareholders of record at the close of business on June 8, 2007.
John R. Buran, Flushing Financial's President and Chief Executive
Officer, stated: "Our continued strong capital position, as well as our
confidence in the opportunities for future growth, underlie the Company's
decision to declare quarterly cash dividend payouts to shareholders. As
part of our continuing efforts to enhance the total return to our
shareholders, the Board will continue to review future dividend payouts on
a quarterly basis."
Flushing Financial Corporation is the holding company for Flushing
Savings Bank, FSB, a federally chartered stock savings bank insured by the
FDIC. The Bank conducts its business through fourteen banking offices
located in Queens, Brooklyn, Manhattan, and Nassau County. Additionally,
the Bank has further expanded outside its geographic footprint with its
online banking division, http://iGObanking.com(TM).
"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, 2006, 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.
Additional information on Flushing Financial Corporation may be
obtained by visiting the Company's web site at
http://www.flushingsavings.com.
SOURCE Flushing Financial Corporation
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Related links:
http://www.flushingsavings.com
http://iGObanking.com
CONTACT:
David Fry, Senior Vice President and Chief
Financial Officer of Flushing Financial Corporation,
+1-718-961-5400; or Van Negris or Lexi Terrero, both of Van
Negris & Company, Inc., +1-212-759-0290; or Robert Cavosi of
Broadgate Consultants, +1-212-493-6981, all for Flushing
Financial Corporation
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