Flushing Financial is the holding company for Flushing Bank, a New York State-chartered commercial bank headquartered in Uniondale, NY. The bank operates 30 branches concentrated in the NYC metro area — Queens, Brooklyn, Manhattan, and Long Island — plus an internet banking operation under the iGObanking.com and BankPurely brands. Flushing Bank is a traditional spread lender, earning income on the difference between loan yields and deposit funding costs. The loan book is dominated by multi-family residential mortgages (~36% of gross loans), commercial real estate mortgages (~30%), and commercial business loans (~21%), with most lending collateralized by NYC metro area properties. A distinctive feature of the franchise is its focus on Asian-American communities, where Flushing Bank operates roughly one-third of its branches and holds ~$1.4B in deposits. The bank also runs a government banking unit serving public municipalities, which contributes ~$1.9B in deposits. The loan book is predominantly adjustable-rate mortgages with 5-year reset periods, and a large cohort of loans originated at low rates is now repricing higher, providing a tailwind to net interest income. Secondary income comes from SBA loan sales, back-to-back swap fees, and banking service fees. In December 2025, Flushing Financial agreed to merge with OceanFirst Financial, under which Flushing shareholders will receive 0.85 OceanFirst shares per Flushing share, with a concurrent $225M equity investment by Warburg Pincus into the combined entity.