Flushing Financial banks combine
Flushing Financial Corp. president and chief executive John Buran. Credit: Handout
Flushing has 17 branches, most of them in Brooklyn and Queens, one in Manhattan and two in Nassau County. The bank said Thursday it had filed an application with the New York State Department of Financial Services to combine Flushing Savings Bank with Flushing Commercial Bank and rename the combined entity Flushing Bank. That will have the effect of converting the bank from a federally-chartered savings bank to a New York State-chartered commercial bank.
The transaction is expected to close in the fourth quarter of this year or the first quarter of 2013. Flushing Financial Corp. has $4.4 billion in consolidated assets.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
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