Flushing Bank Expands Presence in Chinatown with Opening of New Branch
Rhea-AI Summary
Flushing Financial Corporation (Nasdaq:FFIC) announced the opening of a new full-service Flushing Bank branch at 5 Chatham Square, New York, NY on December 23, 2025. This is the bank's second Chinatown location, expanding on the first branch at 183 Canal Street that opened six years ago. The new branch will be led by Li Fang Chen and a dedicated Chinatown team focused on providing personalized, community-focused banking and access to the bank's suite of financial products and services for local residents and businesses.
The announcement highlights the company's continued commitment to relationship-driven banking and serving the Asian and Chinatown communities in New York City.
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Key Figures
Market Reality Check
Peers on Argus
Regional bank peers like RRBI (-2.16%), ACNB (-1.85%), AROW (-1.61%), and HBCP (-1.70%) were also down, while NFBK fell -0.17%, indicating FFIC’s -0.63% move fits a broader regional bank softness.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 17 | Earnings call schedule | Neutral | -0.1% | Announced timing and access details for Q4 and full-year 2025 earnings call. |
| Nov 24 | Dividend declaration | Positive | +1.1% | Declared $0.22 quarterly dividend, marking 118th consecutive quarterly payout. |
Recent news such as a long-running dividend and upcoming earnings call drew modest to mildly positive price reactions, suggesting generally balanced responses to corporate updates.
This announcement adds a branch expansion in Chinatown to a recent stream of corporate updates. On Nov 24, 2025, FFIC declared a $0.22 quarterly dividend, the 118th consecutive payout, which aligned with a +1.09% price move. On Dec 17, 2025, the company scheduled its Q4 and full-year 2025 earnings call, with a near-flat -0.06% reaction. Today’s branch opening fits this pattern of steady, franchise-building developments.
Market Pulse Summary
This announcement highlights continued franchise expansion, adding a second full-service branch in Chinatown to build on six years of experience at the existing Canal Street location. In the past few months, Flushing Financial emphasized capital return via a $0.22 quarterly dividend and prepared for its upcoming earnings release. Investors may monitor how this branch affects deposit growth, local lending, and overall profitability alongside trends disclosed in recent 10-Q filings.
AI-generated analysis. Not financial advice.
UNIONDALE, NY / ACCESS Newswire / December 23, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company of Flushing Bank (the "Bank"), today announced the opening of a new full-service branch located at 5 Chatham Square, New York, NY, further strengthening the Bank's commitment to serving the Chinatown community.
"We are proud to open our second branch in Chinatown, reflecting our longstanding relationship with and commitment to the Asian community," said John R. Buran, President and Chief Executive Officer of Flushing Bank. "The success of our first Chinatown location at 183 Canal Street, which opened six years ago, demonstrated the importance of personalized, community-focused banking. Building on that foundation, this new location allows us to expand access to our comprehensive suite of financial products and services for local residents and businesses."
The new branch will be led by Li Fang Chen, along with a dedicated Chinatown team focused on delivering tailored financial solutions and exceptional customer service. "Our team is excited to continue building strong, meaningful relationships within this vibrant and diverse neighborhood," added Buran. "This expansion underscores our ongoing commitment to providing convenient, relationship-driven banking in the communities we serve."
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 are 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.
"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, 2024, 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 Bank
718-961-5400
SOURCE: Flushing Financial Corporation
View the original press release on ACCESS Newswire
FAQ
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