Latest news with #FlushingBank
Mint
16-05-2025
- Business
- Mint
Progressive NYC Private School Fighting Foreclosure Files Bankruptcy
(Bloomberg) -- Manhattan Country School, an Upper West Side private school promoting social justice and a progressive academic curriculum that is battling possible foreclosure, has filed bankruptcy. MCS sought court protection Friday listing assets and liabilities of between $10 million and $50 million each on its Chapter 11 petition. The school, which operates on a sliding-scale tuition model based on families' ability to pay, has said it suffered losses during the Covid-19 pandemic from helping impacted parents by reducing prices. The maximum annual tuition is $59,000. Parents have been worrying about MCS' finances and future since October's foreclosure action by Flushing Bank. Filing Chapter 11 halts that effort and other collection actions against MCS, allowing the school to continue operating normally while attempting to resolve the litigation. MCS is the latest progressive school to run into financial struggle. The Blue School, a progressive arts school founded by founded by members of the Blue Man Group, closed in 2023 after running into debt troubles as enrollment dropped during the pandemic. 'What's different here and sad is typically I've seen new schools fail,' said Emily Glickman, an educational consultant who helps families with private-school admissions and had been getting worried calls from MCS parents before Friday's filing. 'MCS is a school with a rich history here in New York City.' A bankruptcy lawyer representing MCS didn't immediately return a message seeking comment. The school said in its bankruptcy petition that the value of its property on 85th Street in Manhattan is $38 million. MCS, which took out an initial $2.5 million loan in 2017, said in court filings it was holding talks with Flushing Bank when the foreclosure action was filed last October. Flushing has alleged MCS owes at least $3 million plus interest. Founded in 1966 to reflect 'the vision of the Civil Rights Movement,' MCS' student body has 'no racial majority and broad economic diversity,' according to the school's website. The school serves kindergarten through eight graders in Manhattan and also owns a farm in Roxbury, New York, where it holds classes in cooking, farming, nature and textiles. The case is Manhattan Country School, number 25-11009, in the US Bankruptcy Court for the Southern District of New York More stories like this are available on
Yahoo
09-05-2025
- Business
- Yahoo
Flushing Bank Opens New Branch Location in Jackson Heights, NY
UNIONDALE, NY / / May 9, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today the opening a new branch located at 37-44 74th Street, Jackson Heights, New York. "Our Jackson Heights branch team, led by Ahmad Lone, has already begun introducing Flushing Bank's comprehensive suite of financial products and services to this dynamic, multicultural community. They are excited to provide personalized service and begin building rewarding relationships with residents and businesses in Jackson Heights." said John R. Buran, President and CEO of Flushing Bank. "This new location expands our commitment to provide convenient access to personalized banking services across a variety of neighborhoods." This new branch enhances Flushing Bank's strategic growth in Queens and reinforces its role as a trusted financial partner in this multicultural region. 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 "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 Bank718-961-5400 SOURCE: Flushing Bank View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-03-2025
- Business
- Associated Press
Flushing Bank in Partnership with Chinatown Manpower Project Celebrate Graduates of Financial Literacy and Retail Banking Training Program
UNIONDALE, NY / ACCESS Newswire / March 21, 2025 / Flushing Financial Corporation (the 'Company') (NASDAQ:FFIC), the parent holding company for Flushing Bank (the 'Bank'), announced that it hosted a graduation ceremony for eighteen students who completed an eight-week bilingual Financial Literacy and Retail Banking training program. 'This is a wonderful example of how we support the members of our communities in practical and tangible ways. In partnership with the Chinatown Manpower Project, we designed and delivered an eight-week bilingual Financial Literacy and Retail Banking Training program.' said John Buran, President and CEO of Flushing Bank. 'Members of our Asian Banking team along with representatives from Chinatown Manpower Project donated their time each Friday to present the content to the students. Today, we celebrated their graduation and hope that this program has provided a strong foundation for their financial future.' 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 '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: Flushing Bank 718-961-5400
