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Flushing Financial (FFIC) Closes 8.3M Share Offering, Raising Proceeds of $90.5M

September 22, 2009 11:47 AM EDT
FFIC Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Dividend Yield: 4%
Flushing Financial Corporation (Nasdaq: FFIC) announced today that it has completed its public offering of 8,317,400 shares of common stock at a price of $11.50 per share. The net proceeds of the offering after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $90.5 million.

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