Flushing Bank converts to New York state charter.
BANKING AND CREDIT NEWS-March 1, 2013-Flushing Bank converts to New York state charter(C)2013 M2 COMMUNICATIONS http://www.m2.com
1 March 2013 -- Flushing Bank holding company Flushing Financial Corp. (NASDAQ: FFIC)said it has completed the merger of its two subsidiary banks, Flushing Savings Bank, FSB and Flushing Commercial Bank.
The combined bank is named Flushing Bank and is a New York State-chartered, full-service commercial bank.
Effective with this merger, the New York State Department of Financial Services serves as the bank's primary regulator, and the Federal Deposit Insurance Corp. serves as the bank's primary federal regulator. Flushing Financial Corp. has converted to a bank holding company.
Flushing Financial, with USD4.5bn in consolidated assets, is the holding company for Flushing Bank, a New York State chartered stock commercial bank insured by the Federal Deposit Insurance Corp. The company's website is at http://www.flushingbank.com.
USD 1 = 0.65902 GBP
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Mar 1, 2013|
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