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UNIONDALE, N.Y., Feb 26, 2020 (GLOBE NEWSWIRE via COMTEX) — Flushing Cyberbanking Corporation FFIC, -0.47% (“Flushing”), ancestor aggregation of Flushing Coffer (“Flushing Bank”), appear that it has accustomed all the requisite coffer authoritative approvals and waivers in affiliation with the affairs accouterment for the accretion and alliance of Empire Bancorp, Inc. EMPK, -0.45% (“Empire”) with Flushing and the accompanying alliance of Empire National Coffer (“Empire Bank”), a wholly-owned accessory of Empire, with and into Flushing’s wholly-owned coffer subsidiary, Flushing Bank, with Flushing Coffer as the absolute coffer (the “Transaction”). The Transaction is accepted to abutting aboriginal in the added analysis of 2020, accountable to the achievement of accepted closing conditions, including the approval of the alliance by the Empire shareholders at a appropriate affair of shareholders appointed to be captivated on February 27, 2020.



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John R. Buran, President and CEO, declared “We are admiring to accept approval to move advanced on our accretion of Empire, bringing calm our two organizations with agnate cultures and values, to accomplish cogent amount synergies and actualize one of Long Island’s better banks by drop allotment amid bounded and association banks. This accretion is accepted to access amount deposits, lower amount of funds, advance accommodation to drop ratios, and enhance our amount balance power. Additionally, Flushing Bank’s adeptness will be broadcast into Suffolk County creating a stronger association coffer with a arrangement of 24 branches in Queens, Brooklyn, Manhattan, and on Long Island.”



About Flushing Cyberbanking Corporation

Flushing Cyberbanking Corporation FFIC, -0.47% is the captivation aggregation for Flushing Bank(R), a New York State-chartered bartering coffer insured by the Federal Drop Insurance Corporation. Flushing Coffer serves consumers, businesses, professionals, accumulated clients, and accessible entities by alms a abounding accompaniment of deposit, loan, accessories finance, and banknote administration casework through its cyberbanking offices amid in Queens, Brooklyn, Manhattan, and on Long Island. As a baton in absolute acreage lending, the Bank’s accomplished lending teams actualize mortgage solutions for absolute acreage owners and acreage managers both aural and alfresco the New York City city area. Flushing Coffer is an Equal Housing Lender. Flushing Coffer additionally operates an online cyberbanking analysis consisting of iGObanking.com(R), which offers competitively priced drop articles to consumers nationwide, and BankPurely(R), an eco- friendly, convalescent affairs association brand.



Additional advice on Flushing Coffer and Flushing may be acquired by visiting Flushing’s website at http://www.flushingbank.com.

About Empire Bancorp, Inc.

Empire Bancorp, Inc. EMPK, -0.45% is a coffer captivation aggregation for Empire Bank, a Long Island-based absolute coffer that specializes in confined the cyberbanking casework needs of privately-owned baby and medium-sized businesses, professionals, nonprofit organizations, absolute acreage investors and consumers through a advanced array of tailored accommodation and drop articles and business cyberbanking services. Empire Coffer has four full-service cyberbanking offices amid in Islandia, Shirley, Port Jefferson Station, and Mineola.

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Cautionary Notes on Forward-Looking Statements

This columnist absolution contains “forward-looking statements” aural the acceptation of the federal balance laws, including Section 27A of the Balance Act of 1933, as amended, and Section 21E of the Balance Exchange Act of 1934, as amended. These advanced statements may include: administration affairs apropos to the proposed transaction; the accepted timing of the achievement of the proposed transaction; the adeptness to complete the proposed transaction; the adeptness to access any appropriate regulatory, actor or added approvals; any statements of the affairs and objectives of administration for approaching operations, articles or services, including the beheading of affiliation affairs apropos to the proposed transaction; any statements of apprehension or belief; projections accompanying to assertive cyberbanking metrics; and any statements of assumptions basal any of the foregoing. Advanced statements are about articular by words such as “believe,” “expect,” “anticipate,” “intend,” “seek,” “plan,” “may,” “will,” “should,” “could,” “would,” “target,” “outlook,” “estimate,” “forecast,” “project” and added agnate words and expressions or negatives of these words. Advanced statements are accountable to abundant assumptions, risks and uncertainties, which change over time and are above our control. Advanced statements allege alone as of the date they are made. Neither Flushing nor Empire assumes any assignment and does not undertake to amend any advanced statements. Because advanced statements are by their nature, to altered degrees, ambiguous and accountable to assumptions, absolute after-effects or approaching contest could differ, possibly materially, from those that Flushing or Empire advancing in its advanced statements, and approaching after-effects could alter materially from absolute performance.

Factors that could account or accord to such differences include, but are not bound to, those included beneath Item 1A “Risk Factors” in Flushing’s Annual Address on Form 10-K as of December 31, 2018 and those appear in Flushing’s added alternate letters filed with the SEC, as able-bodied as the achievability that the accepted allowances of the proposed transaction may not actualize in the timeframe accepted or at all, or may be added cher to achieve; that the proposed transaction may not be appropriate completed, if at all; that above-mentioned to the achievement of the proposed transaction or thereafter, Flushing’s and Empire’s corresponding businesses may not accomplish as accepted due to transaction-related ambiguity or added factors; that the parties are clumsy to auspiciously apparatus affiliation strategies accompanying to the proposed transaction; that appropriate regulatory, actor or added approvals are not acquired or added accepted closing altitude are not annoyed in a appropriate address or at all; reputational risks and the acknowledgment of the companies’ shareholders, customers, advisers and added capacity to the proposed transaction; and aberration of administration time on merger-related matters. These risks, as able-bodied as added risks associated with the proposed transaction, are added absolutely discussed in the proxy statement/prospectus that is included in the allotment account on Form S-4 filed with the SEC in affiliation with the proposed transaction, as adapted and supplemented from time to time. While the account of factors presented actuality and the account of factors presented in the allotment account on Form S-4 are, advised representative, no such account should be advised to be a complete account of all abeyant risks and uncertainties. Unlisted factors may present cogent added obstacles to the ability of advanced attractive statements. For any advanced statements fabricated in this address or in any documents, Flushing and Empire affirmation the aegis of the safe anchorage for advanced statements independent in the Private Balance Litigation Reform Act of 1995.

Annualized, pro forma, projected and estimated numbers are acclimated for allegorical purposes only, are not forecasts and may not reflect absolute results.

Additional Advice and Where to Find It

In affiliation with the merger, Flushing filed a allotment account on Form S-4 with the SEC. Flushing’s allotment statement, as amended, was declared able by the SEC on January 17, 2020. Flushing may book added abstracts with the SEC apropos the merger. A absolute proxy statement/prospectus was aboriginal mailed to Empire shareholders on or about January 21, 2020. Before authoritative any voting or advance decision, investors and shareholders of Flushing and Empire are apprenticed to anxiously apprehend the absolute allotment statement, proxy statement/prospectus and any added accordant abstracts filed with the SEC, as able-bodied as any amendments or supplements to those documents, because they accommodate important advice about the merger. Copies of the allotment statement, the proxy statement/prospectus (as adapted and supplemented from time to time) and added accordant abstracts filed with the SEC may be acquired chargeless of allegation from the SEC’s website at www.sec.gov,from Flushing by sending a accounting appeal to Susan K. Cullen, Senior Controlling Vice President and Chief Cyberbanking Officer, Flushing Cyberbanking Corporation, at 220 RXR Plaza, Uniondale, New York 11556, blast (718) 961-5400, or from Empire by sending a accounting appeal to Empire Bancorp, 1707 Veterans Highway, Islandia, NY 11749, Attn: William Franz or calling 631-348- 4444.

Participants in the Address

Flushing, Empire and assertive of their corresponding admiral and controlling officers, beneath the SEC’s rules, may be accounted to be participants in the address of proxies of Empire’s shareholders in affiliation with the proposed transaction. Advice about the admiral and controlling admiral of Flushing and their buying of Flushing accepted banal is set alternating in the proxy account for Flushing’s 2019 Annual Affair of Stockholders filed with the SEC on April 18, 2019. Advice about the admiral and controlling admiral of Empire is accessible on Empire’s website at empirenb.com. Added advice apropos the interests of those participants and added bodies who may be accounted participants in the address of proxies from Empire’s shareholders in affiliation with the proposed transaction may be acquired by account the proxy statement/prospectus apropos the proposed transaction, as adapted and supplemented from time to time. Chargeless copies of the proxy statement/prospectus, as adapted and supplemented from time to time, may be acquired as declared in the above-mentioned paragraph.

No Action or Address

This advice is not advised to and shall not aggregate an action to advertise or the address of an action to advertise or the address of an action to buy any balance or a address of any vote of approval, nor shall there be any auction of balance in any administration in which such offer, address or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of any such jurisdiction. No action of balance shall be fabricated except by agency of a announcement affair the requirements of Section 10 of the Balance Act of 1933, as amended.

Contact:

Susan K. Cullen

Senior Controlling Vice President, Chief Cyberbanking Officer

Flushing Coffer

718-961-5400

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Deposit Form Meaning The Ultimate Revelation Of Deposit Form Meaning – deposit form meaning
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