Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. The company offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. Its loan portfolio comprises mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; the United States government securities, corporate fixed-income securities, and other marketable securities; and consumer loans, including overdraft lines of credit. The company also offers cash management products; and operates iGObanking.com, an Internet branch that offers checking, savings, money market, and certificates of deposit accounts. In addition, it offers banking services to public entities comprising counties, cities, towns, villages, school districts, libraries, fire districts, and various courts. As of February 23, 2016, the company operated 19 banking offices located in Queens, Brooklyn, Manhattan, and Nassau counties. Flushing Financial Corporation was founded in 1995 and is based in Uniondale, New York.
Flushing Financial posts 3Q profit UNIONDALE, N.Y. (AP) _ Flushing Financial Corp. (FFIC) on Tuesday reported third-quarter earnings of $10.6 million. The Uniondale, New York-based company said it had net income of 37 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share. The holding company for Flushing Bank posted revenue of $43.6 million in the period. Flushing Financial shares have risen 5.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.82, an increase of nearly 8 percent in the last 12 months.
