| Flushing Financial Corporation Declares Quarterly Dividend of $0.13 Per Share |
| News - Financial News |
|
--(www.FinancialNewsUSA.com)-- 11/20/2009 - Financial industry news provided by Financial News USA. Flushing Financial Corporation (Nasdaq:FFIC), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), today announced that the Board of Directors declared a quarterly dividend on its common stock of $0.13 per common share, payable on December 30, 2009 to shareholders of record at the close of business on December 9, 2009. ohn R. Buran, Flushing Financial's President and Chief Executive Officer, stated: "We reported strong earnings for the third quarter of 2009 and continue to improve our net interest margin. We recently completed a successful common stock offering, which allowed us to increase our capital levels while at the same time redeem $70.0 million in preferred shares issued to the U.S. Treasury under the U.S. Treasury's Capital Purchase Program. We remain a 'well-capitalized' institution under regulatory guidelines. Our 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 parent holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC. The Bank serves consumers and businesses by offering a full complement of deposit, loan, and cash management services through its fifteen banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. The Bank also operates an online banking division, iGObanking.com(R), which enables the Bank to expand outside of its current geographic footprint. In 2007, the Bank established Flushing Commercial Bank, a wholly-owned subsidiary, to provide banking services to public entities including counties, towns, villages, school districts, libraries, fire districts and the various courts throughout the metropolitan area. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
|