B U S I N E S S • R E A L E S T A T E • H O M E I M P R O V E M E N T business Flushing Bank: A local bank for local businesses Flushing Bank has been a member of the Queens Community since 1929 and has witnessed and participated in the evolution of our borough. Originally established as a state-chartered savings bank, Flushing Bank has grown into a diverse and well-capitalized financial institution. One thing that has remained constant throughout the years is the Bank’s recognition of the importance of community. Today, Flushing Bank has 17 branch locations throughout the New York Metro area. Recently, Flushing Bank reached out to nearly all of its clients in the aftermath of Super Storm Sandy to assess their individual situations. The branch personnel and business bankers were briefed on the disaster relief programs available to affected customers. The bank offered emergency loans and payments options to some, to others they simply helped customers understand and navigate the myriad of programs available. The Bank has recently adopted the mantra “Small enough to know you. Large enough to help you.” “We believe the phrase: ‘Small enough to know you. Large enough to help you’, encapsulates our approach to serving our customers. We are small enough to know our customers by name and have a personal connection with them. Yet at the same time we’re large enough to provide them with a full suite of deposit, cash management and lending solutions tailored to fit their individual or business’ needs.” said John R. Buran, President and CEO of Flushing Bank. In recent years, Flushing Bank has been focused on helping local businesses through some of the toughest economic times in history. “Local businesses are an integral part of the local economy and we recognize the important role these businesses play in our region’s economic recovery.” Mr. Buran added. Flushing Bank is not the only bank in town Flushing Bank President and CEO, John R. Buran, says the bank is dedicated to helping local businesses succeed. interested in doing business with businesses so an important part of their success is having the products and services that businesses need. Patricia Tiffany, Marketing Director for the Bank said “One of the great things about the New York metropolitan area is its diversity and the business community is no exception. We recognize that we need to offer a comprehensive product set that provides customers with choices. Our size allows us to offer choices to our customers and tailor a solution specifically for that business rather than an off- the -shelf product. ” Flushing Bank offers lines of credit, term loans, owner-occupied commercial real estate mortgages and SBA loans. Flushing Bank is a preferred SBA lender, and as such can offer loans to businesses that may not qualify for a traditional loan. Flushing Bank is a Delegated Authority lender of the Ex-Im Bank—the independent government agency established to facilitate the financing of U.S. exports. As an Ex-Im Bank lender, they can provide customers with the liquidity to accept new business, grow international sales and compete more effectively in the international marketplace through the Working Capital Guarantee program. They also offer choices on traditional banking products such as checking accounts. “Flushing Bank offers two business checking accounts - an interest-bearing checking account and a free business checking account. The interest- bearing account is geared for businesses that carry higher balances and do not want the funds sitting idle. The free business checking is for businesses that want to avoid minimum balance requirements.” (continued on page 40)
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