Flushing Financial Declares Quarterly Dividend

Flushing Financial Corporation (NASDAQ: FFIC), the parent holding company for Flushing Savings Bank, FSB, on May 16 announced that the board of directors had declared a quarterly dividend on its common stock of $0.11 per common share, payable on June 30, 2006 to shareholders of record at the close of business on June 9, 2006.

Flushing Financial President and Chief Executive Officer John R. Buran stated: "Our continued strong capital position, as well as our confidence in the opportunities for future growth, underlie the company's decision to declare quarterly cash dividend payouts to shareholders. As part of our continuing efforts to enhance the total return to our shareholders, the board will continue to review future dividend payouts on a quarterly basis."

Flushing Financial Corporation is the holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the Federal Deposit Insurance Corporation (FDIC). The bank conducts its business through 10 banking offices located in the boroughs of Queens, Brooklyn and Manhattan and in Nassau County.

For more information, visit www.flushingsavings.com.