Flushing Financial prices $70M common stock offering at $15.25/sh for capital raise

FLUSHING FINANCIAL CORP

Offering of 4,590,164 shares at $15.25 per share for $70M gross proceeds; net proceeds ~$66.3M (or ~$76.3M if overallotment exercised).
Proceeds to support Bank’s capital ratios for potential repositioning of AFS securities portfolio and potential sale of certain CRE loans.
Closing expected December 16, 2024; underwriters granted 30-day option for up to 688,525 additional shares.
Joint book-runners: Keefe, Bruyette & Woods, Piper Sandler & Co., Raymond James & Associates.

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