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Flushing Financial Corp. announces quarterly dividend.

FLUSHING, N.Y.--(BUSINESS WIRE)--Nov. 27, 1996--Flushing Financial Corp. (Nasdaq:FFIC) ("Flushing Financial") today announced that its board of directors has declared a quarterly dividend on its common stock of $.04 per common share.

The dividend will be payable on Dec. 27, 1996 to shareholders of record at the close of business on Nov. 12, 1996.

James F. McConnell, Flushing Financial's president and chief executive officer stated: "We are pleased to announce our second quarterly cash dividend of $.04, which reflects the company's financial performance since becoming a public company. The board will consider future quarterly dividends, based on the company's earnings, financial conditions and other factors."

Flushing Savings Bank, FSB, is a federally chartered stock savings bank, insured by the FDIC through the Bank Insurance Fund. The Bank conducts its business through seven banking offices in Queens, Brooklyn, Manhattan and Nassau County. Flushing Financial Corp. acquired Flushing Savings Bank in connection with the Bank's conversion from mutual to stock form on Nov. 21, 1995.

CONTACT: Flushing Financial Corporation

Michael J. Hegarty, 718/961-5400


Kehoe, White, Savage & Company, Inc.

John P. Kehoe/Van Negris, 212/888-1616
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Publication:Business Wire
Date:Nov 27, 1996
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