Flushing Bank Hosts Ribbon Cutting Ceremony at New Chatham Square Location in Chinatown, Manhattan
Rhea-AI Summary
Flushing Financial Corporation (Nasdaq:FFIC) celebrated the opening of a new Flushing Bank branch at 5 Chatham Square, New York, NY 10038 on March 3, 2026.
The ribbon cutting underscores the bank's expansion into Manhattan and commitment to Chinatown, including a donation to Renaissance and multilingual branch staffing to support local small businesses and residents.
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Market Reality Check
Peers on Argus
Key regional bank peers (RRBI, ACNB, AROW, HBCP, NFBK) all showed modest gains between 0.98% and 4.29%, while the momentum scanner only flagged SUPV moving -9.70% with no news. With limited peer momentum signals and FFIC’s move assessed separately, the reaction appears more company-specific than a broad sector shift.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 24 | Dividend declaration | Positive | +2.1% | Quarterly dividend of $0.22 per share and long payout history. |
| Jan 27 | Earnings results | Positive | -1.2% | 4Q25 GAAP and Core EPS with margin expansion and deposit growth. |
| Jan 20 | Call cancellation | Neutral | +6.6% | Cancellation of earnings call due to pending OceanFirst merger. |
| Dec 29 | Merger agreement | Positive | -8.9% | All-stock merger with OceanFirst and $225M investment from Warburg Pincus. |
| Dec 23 | Branch opening | Positive | -1.0% | Announcement of new full-service branch at 5 Chatham Square in Chinatown. |
Recent history shows mixed reactions: dividend and conference-call news saw positive moves, while earnings, the OceanFirst merger announcement, and a prior Chinatown branch opening all faced negative next-day performance despite generally positive strategic messages.
Over the past several months, Flushing Financial has focused on capital returns, strategic growth, and its pending combination with OceanFirst. A $0.22 quarterly dividend and the 119th consecutive payout underscored balance-sheet strength. Fourth quarter 2025 results highlighted net interest margin expansion and improved tangible common equity, yet shares slipped. The announced all-stock merger with OceanFirst and a new Chinatown branch at 5 Chatham Square also drew mixed price reactions, framing today’s ribbon-cutting as part of an ongoing community and merger-integration narrative.
Market Pulse Summary
This announcement highlights Flushing Bank’s continued physical expansion in Manhattan, marked by a ribbon cutting at its new Chatham Square branch at 5 Chatham Square and outreach to the Chinatown small-business community. In recent months, the company also advanced a significant merger with OceanFirst and maintained its 119th consecutive quarterly dividend. Investors may watch how this branch contributes to deposit growth, local relationships, and the combined franchise’s positioning post-merger.
AI-generated analysis. Not financial advice.
UNIONDALE, NY / ACCESS Newswire / March 3, 2026 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), hosted a ribbon cutting ceremony today at its new Chatham Square branch located at 5 Chatham Square, New York, NY 10038.
Business owners and leaders from the local community attended the event. The ceremony celebrated the Bank's continued expansion into Manhattan and its commitment to serving the financial needs of the Chinatown community. At the ceremony, the Bank's President and CEO, John R. Buran, presented a check to Renaissance, an organization that provides low income and under-resourced entrepreneurs with small business counseling and access to capital.
John R. Buran stated, "We are excited to be part of the Chatham Square community and to expand our presence in Manhattan. Opening our second branch in Chinatown demonstrates our longstanding relationship with and commitment to the Asian community. Our multilingual branch staff is committed to providing in-language support and building strong relationships with local residents and businesses."
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.
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
What did Flushing Financial Corporation (FFIC) announce on March 3, 2026 about Chatham Square?
How does the new FFIC branch at 5 Chatham Square support Chinatown small businesses?
Who attended the Flushing Bank ribbon cutting at Chatham Square (FFIC)?
What community donation did Flushing Financial Corporation (FFIC) make at the Chatham Square opening?
Does the new Flushing Bank Chatham Square branch offer multilingual services?
Why is the Chatham Square branch significant for Flushing Financial Corporation (FFIC)?
