Company Profile
- Flushing Financial Corporation (NASDAQ: FFIC) (“Flushing” or “the company”) is an $9.3 billion bank holding company headquartered in Uniondale, New York. Through the principal operating subsidiary, Flushing Bank (“the bank”), the company operates a 28-branch footprint in the greater-NYC area; predominately in Queens, Brooklyn, and Nassau County (Long Island), with locations in Manhattan and Eastern Long Island as well.
- Flushing's moderate growth over multiple years has been largely organic, though the acquisition of Empire Bancorp in 4Q20 marked the company’s first deal in many years, adding approximately $1 billion in assets, and expanding the company into Eastern LI.
- Flushing’s $6.8 billion loan portfolio is commercially oriented, with investor CRE comprising the largest portion of the portfolio (68%); mainly in midsized, rent-regulated multifamily properties which comprise the majority of this segment and has been Flushing’s historic lending…