Uniondale, N.Y. Nov. 29, 2023 - Flushing Financial Corporation (Nasdaq: FFIC), the parent holding company for Flushing Bank, celebrated the opening of its newest branch located at 8616 21st Avenue, Bensonhurst, Brooklyn, with a ribbon-cutting ceremony attended by distinguished guests and community leaders. The event was marked by a generous donation from Flushing Bank’s President and CEO, John R. Buran, to the Chinese American Planning Council, demonstrating the bank’s commitment to supporting the local community.
The ribbon-cutting ceremony was graced by the presence of New York State Senator Iwen Chu, executives from the Chinese American Planning Council, the Chinese American Social Service Center, as well as esteemed community and business leaders. The event served as an opportunity for Flushing Bank to establish its roots in Bensonhurst and foster relationships with influential organizations that have a significant impact on the community.
During his remarks, John R. Buran expressed his enthusiasm for the expansion into Bensonhurst, emphasizing the bank’s dedication to providing exceptional service and tailored solutions to its customers. He stated, We are excited to strengthen our presence in Bensonhurst and to serve as a trusted financial partner for both individuals and businesses here. The opening of this branch signifies our commitment to meeting the unique needs of the community and fostering long-lasting relationships.
Furthermore, Flushing Financial Corporation’s press release revealed positive financial indicators for its suppliers. In the third quarter of 2023, the Company’s suppliers experienced a substantial year-on-year sales increase of 5.92%. However, sales did dip by -0.94% compared to the previous quarter. Concurrently, net margin rose to 16.83% year on year, indicating a strong financial performance.
Flushing Financial Corporation’s suppliers have also shown improvement in their profit margin, with a sequential increase to -0.94%. These figures provide a promising outlook for the company’s future, showcasing the resilience and adaptability of its suppliers in a dynamic market landscape.
As Flushing Bank continues to expand its footprint across Brooklyn, the opening of its new branch in Bensonhurst promises convenience and personalized banking services to local residents and businesses. The bank’s involvement with influential organizations, demonstrated by the donation to the Chinese American Planning Council, highlights the bank’s genuine dedication to giving back to the community and fostering social development.
In summary, the ribbon-cutting ceremony at Flushing Bank’s newest branch in Bensonhurst signifies the start of an exciting chapter for the bank and its commitment to meeting the financial needs of the neighborhood. The positive financial results showcased by Flushing Financial Corporation’s suppliers further solidify the bank’s outlook as it seeks to establish a strong foothold in the Brooklyn market.
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