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0 -0.000655307994757638 0.00131061598951504 0.00131061598951504 0.00262123197903009 0.00262123197903009 0 0
Stock impact report

Flushing Financial Corporation Announces Closing of Common Stock Offering [Yahoo! Finance]

Flushing Financial Corporation (FFIC) 
Last flushing financial corporation earnings: 4/28 05:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
the "Company"), the parent holding company for Flushing Bank (the "Bank"), today announced the closing of its public offering of 4,590,164 shares of its common stock, $0.01 par value per share (the "Common Stock"), at a public offering price of $15.25 per share. The total gross proceeds from the offering were approximately $70.0 million. The Company received net proceeds from the offering of approximately $66.3 million, after deducting underwriting discounts and before deducting transaction expenses. Flushing intends to use the net proceeds from the offering for general corporate purposes, including investing a portion of the net proceeds into the Bank to support the Bank's capital ratios in connection with the potential repositioning of a substantial portion of its available-for-sale securities portfolio as well as a potential sale of certain of its commercial real estate loans. Keefe, Bruyette & Woods, Inc., A Stifel Company, Piper Sandler & Co. and Raymond James & Associates, I Show less Read more
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