Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the
parent holding company for Flushing Bank (the “Bank”), attended an
event celebrating NYC Scholarship Month at P.S. 22Q Thomas
Jefferson Elementary School. The event was well attended by parents
and guardians of kindergartners and first graders, school
officials, and local government and community leaders. The Bank
presented a check for a Community Scholarship to the NYC Kids RISE
Save for College Program to support the college and career futures
of first grade and kindergarten students at P.S. 22Q.
John R. Buran, President and CEO of
Flushing Bank, stated, “We are excited to once again
support the NYC Kids RISE Save for College Program. This is a great
example of how we, as a community bank, demonstrate our commitment
to local communities and their dreams for students’ higher
education through contributions to grassroots initiatives that make
such a powerful positive impact on families. We are pleased to
continue our support of this program, which is designed to drive
neighborhood-level changes in economic opportunity and mobility by
promoting asset building and reinforcing college and
career-building expectations.”
“I can’t think of a better way to show children
that we believe in their potential than by coming together to make
a tangible investment in their future,” said Council Member
Sandra Ung. “The Save for College Program gives all NYC
students the opportunity to pursue higher education or career
training, an opportunity that isn’t impeded by their economic
background or immigration status. Thank you to Flushing Bank for
their continued commitment to our children, and the P.S. 22 staff
and faculty for supporting this important program. I look forward
to opportunities to partner with NYC Kids RISE and help even more
students achieve their educational goals. ”
“The Save for College Program has immense
potential to make a world of difference for children and families
across Queens and our entire City,” said Queens Borough
President Donovan Richards Jr. “This initiative shows
families that higher learning is a real and accessible possibility
for all children, regardless of their financial status, including
the children of P.S. 22 right here in Flushing. Thank you to
Flushing Bank for its generous show of support for not only the
program, but the students who will benefit from this investment for
years to come.”
“Coming together with families, Councilmember
Ung, Flushing Bank, and the P.S. 22 school community was an amazing
example of the way that NYC Kids RISE works as a universal,
community-driven wealth-building platform,” said
Debra-Ellen Glickstein, Founding Executive Director, NYC
Kids RISE. “It takes all of us to ensure young New Yorkers
have the resources, expectations, and confidence they need to
develop and pursue their dreams of college and career. This month,
70,000 more kindergartners and first graders are one major step
closer to those dreams because they now have an NYC Scholarship
Account. We thank Councilmember Ung for her ongoing leadership, and
Flushing Bank for their investment in the kids of P.S. 22, and
encourage all kindergarten and first grade families to activate and
view their children’s accounts today.”
“As the young students in our District 25
community grow, so will their NYC Scholarship Accounts through
community contributions through the Save for College Program, like
this Community Scholarship from Flushing Bank for the children of
P.S. 22Q,” said Danielle DiMango, District
Superintendent. “I am excited to work with schools and
partners across this school district and beyond so that families
will see even more money in their childrens’ accounts in the coming
years, and to ensure they have the tools, resources, and
information they need to take full advantage of the Save for
College Program.” “The support of Flushing Bank, Council Member Ung
and local elected officials, NYC Kids RISE, the Department of
Education, and the City of New York is truly a game-changer for the
families of our first graders and kindergartners,” said
Jennifer Meyer, Principal of P.S. 22Q Thomas Jefferson
Elementary School. “I see excitement on the faces of our
students and joy on those of their families when they learn that
there are resources dedicated to their futures. NYC Scholarship
Month is just the beginning of a long and important journey for our
children towards their college and career goals.”
“I am very glad to learn about the Save for
College Program and to see the funds in my daughter's NYC
Scholarship Account to be used for college and career training,
opening up more opportunities for her career in the future,” said
Wei Quan, parent of a P.S. 22Q first grade student in the
Save for College Program. “As I hear more about the steps
I can take now and how the money gets added into these accounts,
including through the new Community Scholarship from Flushing Bank,
I am happy to know that my child, and other children across the
city, are being supported by the community.”
About Flushing Financial
Corporation
Flushing Financial Corporation (Nasdaq: FFIC) is
the holding company for Flushing Bank®, an FDIC insured, New York
State—chartered commercial bank that operates banking offices in
Queens, Brooklyn, Manhattan, and on Long Island. The Bank has been
building relationships with families, business owners, and
communities since 1929. Today, it offers the products, services,
and conveniences associated with large commercial banks, including
a full complement of deposit, loan, equipment finance, and cash
management services. Rewarding customers with personalized
attention and bankers who can communicate in the languages
prevalent within these multicultural markets is what makes the Bank
uniquely different. As an Equal Housing Lender and leader in real
estate lending, the Bank’s experienced lending teams create
mortgage solutions for real estate owners and property managers
both within and outside the New York City metropolitan area. The
Bank also fosters relationships with consumers nationwide through
its online banking division with the iGObanking® and BankPurely®
brands.
Additional information on Flushing Bank and
Flushing Financial Corporation may be obtained by visiting the
Company’s website at FlushingBank.com.
About NYC Kids RISE
The NYC Kids RISE Save for College Program is a
universal community-driven wealth building platform for New York
City neighborhoods. The Program expands access to mainstream
financial products; builds individual, family, and collective
financial assets; provides financial education for families and
students; and brings schools and communities together to support
all our children’s futures. In the fall of 2017, the Save for
College Program launched as a pilot in the communities of Queens
School District 30 through a partnership between NYC Kids RISE, the
NYC Department of Education, and the City of New York, with
founding and ongoing support from the Gray Foundation.
Through the Save for College Program starting in
the 2021-2022 school year, and every year going forward, students
in eligible grades enrolled in an NYC public elementary school
(including participating charter schools) automatically receive an
NYC Scholarship Account invested in a NY 529 Direct Plan account
with an initial $100 seed allocation and opportunities to earn more
through early rewards, unless their families choose not to
participate. Their families can open and connect a college and
career savings account that they own for the benefit of their
child, and communities can contribute to groups of these NYC
Scholarship Accounts through Community Scholarships as both a
targeted and universal platform for community-driven asset-building
in every neighborhood. Community Scholarships are a way for
communities to leverage their unique assets, institutions, and
traditions to visibly and tangibly support their children’s
educational futures by contributing to and fundraising for
students’ NYC Scholarship Accounts. Students also receive
age-appropriate financial education in the classroom through
related curriculum extensions. NYC Kids RISE is a nonprofit
organization managing the Save for College Program in partnership
with the NYC Department of Education and the City of New York.
"Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995:
Statements in this Press Release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include, but are not limited to,
risk factors discussed in the Company’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2021, and in other documents
filed by the Company with the Securities and Exchange Commission
from time to time. Forward-looking statements may be identified by
terms such as “may”, “will”, “should”, “could”, “expects”, “plans”,
“intends”, “anticipates”, “believes”, “estimates”, “predicts”,
“forecasts”, “goals”, “potential” or “continue” or similar terms or
the negative of these terms. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance, or achievements. The Company has no obligation to
update these forward-looking statements.
#FB
Contact: Maria A. Grasso Senior
Executive Vice President, Chief Operating Officer Flushing
Bank718-961-5400
Flushing Financial (NASDAQ:FFIC)
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Flushing Financial (NASDAQ:FFIC)
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