FLUSHING FINANCIAL Business Summary

Flushing Financial Corporation (NASDAQ: FFIC) operates as the bank holding company for Flushing Bank, a New York State-chartered commercial bank founded in 1929. The company generates revenue primarily through net interest income derived from a diversified loan portfolio—including multi-family residential, commercial real estate (CRE), and commercial and industrial (C&I) loans—and non-interest income from retail banking fees and wealth management services. Its primary business segments focus on community-based retail banking and specialized lending, with a significant concentration in the New York metropolitan area. As of early 2026, the company is executing a transformational merger with OceanFirst Financial Corp (OCFC), supported by a $225 million strategic investment from Warburg Pincus, aimed at scaling its regional footprint. FFIC competes directly with Dime Community Bancshares (DCOM), Independent Bank (IBCP), and S&T Bancorp (STBA), positioning itself as a high-yield, small-cap regional player with a specialized focus on the New York real estate market and ethnic markets, particularly in Chinatown. The leadership team is anchored by President and CEO John R. Buran, who has led the company since 2005 and possesses over four decades of banking experience, including senior roles at Citibank and Fleet Bank. Key executives include Senior EVP and CFO Susan K. Cullen, who oversees financial strategy and capital management, and Senior EVP and COO Maria A. Grasso, who manages the bank’s operational infrastructure and corporate governance. The board is chaired by Alfred A. DelliBovi, the former President and CEO of the Federal Home Loan Bank of New York and a former Deputy Secretary of HUD, providing deep regulatory and institutional pedigree. Following the late 2025 merger announcement, Warburg Pincus has emerged as a pivotal institutional stakeholder, joining a board that includes seasoned directors such as Louis C. Grassi and Donna M. O'Brien.