EXHIBIT 99.1

Flushing Financial Corporation Reports Ten Percent Increase in Core Earnings for the First Quarter of 2011 Compared to the First Quarter of 2010

First Quarter 2011 Highlights

• Core diluted earnings per common share were $0.29, an increase of $0.02 from the comparable prior year period, and the same as the three months ended December 31, 2010.
• GAAP diluted earnings per common share were $0.26, the same as the comparable prior year period, and a $0.02 decrease from the three months ended December 31, 2010.
• Net interest income was a record $37.2 million for the first quarter of 2011.
• The net interest margin increased 23 basis points from the comparable prior year period to 3.62% from 3.39%, primarily due to a reduction in the cost of funds.
• The net interest margin increased 21 basis points on a linked quarter basis to 3.62% from 3.41%, primarily due to a reduction in the cost of funds.
• Loan applications in process increased $22.5 million during the first quarter to $164.7 million at March 31, 2011.
• Recorded a $5.0 million provision for loan losses in the first quarter of 2011.
• Net charge-offs for the three months ended March 31, 2011 were 0.65% of average loans.
• Recorded OTTI charges totaling $0.9 million on a private issue CMO in the first quarter of 2011.

LAKE SUCCESS, N.Y., April 26, 2011 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), today announced its financial results for the three months ended March 31, 2011.

John R. Buran, President and Chief Executive Officer, stated: "We are pleased to report another quarter of strong earnings and margin expansion for the three months ended March 31, 2011. GAAP net income was $8.0 million, the same as that reported for the comparable prior year period. Core net income was $8.8 million, an increase of $0.8 million, or 9.9%, from $8.0 million for the three months ended March 31, 2010. Our strong operating performance for the quarter was primarily driven by record net interest income of $37.2 million, an increase of $3.7 million from the first quarter of 2010, as the net interest margin for the three months ended March 31, 2011 improved over the comparable prior year period by 23 basis points to 3.62%.

"The improvement in the net interest margin for the first quarter of 2011 was generated through a reduction in our funding costs. During the quarter we continued to focus on growing our core deposits, which increased $128.3 million compared to the first quarter of 2010, and reducing our borrowed funds, which decreased $294.8 million compared to the first quarter of 2010. At the same time we also looked to extend the maturity of deposits to protect against future rising interest rates. We therefore increased certificates of deposit accounts by $273.8 million to $1,577.7 million at March 31, 2011 from $1,304.0 million at March 31, 2010. As a result of these changes to our funding mix, and a favorable interest rate environment, we were able to reduce our cost of funds 54 basis points to 2.09% for the three months ended March 31, 2011 from 2.63% for the comparable prior year period.

"The reduction in our cost of funds was partially offset by a 29 basis point decrease in the yield of interest-earning assets to 5.56% for the three months ended March 31, 2011 from 5.85% in the comparable prior year period. This decline in the yield on interest-earning assets was primarily caused by a decline in rates earned on new loans originated during the past twelve months compared to the yield of the existing portfolio, and an increase in non-accrual loans for which we do not accrue interest income.

"Our net interest margin for the first quarter of 2011 was 3.62%, an increase of 21 basis points from 3.41% for the fourth quarter of 2010. The yield on interest earning assets increased five basis points in the first quarter of 2011 from the fourth quarter of 2010 primarily due to a reduction of $54.5 million in the average balance of lower yielding overnight interest-earning deposits. The cost of funds in the first quarter of 2011 decreased 17 basis points from the fourth quarter of 2010, with the cost of interest-bearing liabilities declining to 2.09% for the three months ended March 31, 2011 from 2.26% for the three months ended December 31, 2010.

"We continue to see some signs of credit stabilization. Although non-accrual loans, including non-accrual troubled debt restructured loans, increased $10.9 million in the first quarter of 2011, total loans delinquent over 30 days decreased $10.9 million in the first quarter. The extended time period for foreclosures in our market, which, in some instances, is now approaching three years, has resulted in our non-accrual and delinquent loans remaining at elevated levels. When we have obtained properties through foreclosure we have been able to quickly dispose of the properties at prices that approximate our carrying value. As a result, the level of other real estate owned has remained at a low level.

"The increase in non-accrual loans during the first quarter of 2011 was primarily due to seven loans totaling $8.6 million that were classified as troubled debt restructured  ("TDR") due to the interest rate on the loans being reduced or a portion of the interest being deferred. These loans have not been current for the past six months, and were therefore placed on non-accrual status until they are current for six consecutive months. At March 31, 2011, each of these loans was current according to their restructured terms. Net charge-offs increased to $5.3 million in the first quarter of 2011 from $2.3 million in the first quarter of 2010, but remain at a manageable 65 basis points of average loans, which continues to be below industry averages. However, net charge-offs for the first quarter of 2011 decreased $0.4 million from the fourth quarter of 2010. The majority of our non-performing loans are collateralized by residential income producing properties located in the New York City metropolitan area that continue to show low vacancy rates, thereby retaining more of their value. The current loan-to-value ratio for our non-performing loans collateralized by real estate was 65.1% at March 31, 2011. We anticipate that we will continue to see low loss content in this portfolio that constitutes the majority of our non-performing loans. The provision for loan losses recorded in the first quarter of 2011 decreased $1.0 million from that recorded in the fourth quarter of 2010.

"TDR that are on an accrual basis increased $16.1 million during the first quarter of 2011 primarily due to two construction loans that are current in their payments that were classified as restructured. These loans were classified as TDR due to the extended time period of the projects, which resulted in the loans being extended, and a reduction that was granted in the interest rate on these loans. These loans have been current for the past six months, and therefore remain on accrual status. Each of these loans is for residential properties and is currently in the selling phase, as construction has been completed.

"The Bank continues to be well-capitalized under regulatory requirements, with tangible and risk-based capital ratios of 9.27% and 14.09%, respectively, at March 31, 2011."

Net income for the three months ended March 31, 2011 was $8.0 million, or $0.26 per diluted common share, the same as that reported for the comparable prior year period. 

Core earnings, which exclude the effects of net gains and losses from fair value adjustments, other-than-temporary impairment ("OTTI") charges, net gains losses from the sale of securities, and certain non-recurring items, was $8.8 million for the three months ended March 31, 2011, an increase of $0.8 million, or 9.9%, from $8.0 million for the comparable prior year period. Core diluted earnings per common share were $0.29 for the three months ended March 31, 2011, an increase of $0.02 per common share, or 7.4%, from $0.27 per common share in the comparable prior year period.    

For a reconciliation of core earnings and core diluted earnings per common share to accounting principles generally accepted in the United States ("GAAP") net income and GAAP diluted earnings per common share, please refer to the tables in the section titled "Reconciliation of GAAP and Core Earnings."

Earnings Summary - Three Months Ended March 31, 2011

Net income for the three months ended March 31, 2011 was $8.0 million, or $0.26 per diluted common share, the same as that reported for the comparable prior year period. 

Return on average equity was 8.2% for the three months ended March 31, 2011 compared to 8.8% for the three months ended March 31, 2010. Return on average assets was 0.7% for the three months ended March 31, 2011 compared to 0.8% for the three months ended March 31, 2010.

For the three months ended March 31, 2011, net interest income was $37.2 million, an increase of $3.7 million, or 10.9%, from $33.5 million for the three months ended March 31, 2010. The increase in net interest income is attributed to an increase in the average balance of interest-earning assets of $154.0 million, to $4,106.0 million for the three months ended March 31, 2011, combined with an increase in the net interest spread of 25 basis points to 3.47% for the three months ended March 31, 2011 from 3.22% for the three months ended March 31, 2010. The yield on interest-earning assets decreased 29 basis points to 5.56% for the three months ended March 31, 2011 from 5.85% for the three months ended March 31, 2010. However, this was more than offset by a decline in the cost of funds of 54 basis points to 2.09% for the three months ended March 31, 2011 from 2.63% for the comparable prior year period. The net interest margin improved 23 basis points to 3.62% for the three months ended March 31, 2011 from 3.39% for the three months ended March 31, 2010. Excluding prepayment penalty income, the net interest margin would have increased 22 basis points to 3.57% for the three months ended March 31, 2011 from 3.35% for the three months ended March 31, 2010.

The 29 basis point decline in the yield of interest-earning assets was primarily due to a 20 basis point reduction in the yield of the loan portfolio to 6.00% for the three months ended March 31, 2011 from 6.20% for the three months ended March 31, 2010, combined with a 39 basis point decline in the yield on total securities to 4.16% for the three months ended March 31, 2011 from 4.55% for the comparable prior year period. In addition, the yield of interest-earning assets was negatively impacted by a $110.6 million increase in the combined average balances of the lower yielding securities portfolio and interest-earning deposits for the three months ended March 31, 2011, both of which have a lower yield than the yield of total interest-earning assets. The 20 basis point decrease in the loan portfolio was primarily due to the decline in the rates earned on new loan originations combined with an increase in non-accrual loans for which we do not accrue interest income. The 39 basis point decrease in the securities portfolio was primarily due to new securities being purchased at lower yields than the existing portfolio. The yield on the mortgage loan portfolio declined 17 basis points to 6.10% for the three months ended March 31, 2011 from 6.27% for the three months ended March 31, 2010. The yield on the mortgage loan portfolio, excluding prepayment penalty income, declined 18 basis points to 6.03% for the three months ended March 31, 2011 from 6.21% for the three months ended March 31, 2010. The decline in the yield of interest-earning assets was partially offset by an increase of $43.3 million in the average balance of the loan portfolio to $3,248.7 million for the three months ended March 31, 2011.

The 54 basis point decrease in the cost of interest-bearing liabilities is primarily attributable to the Bank reducing the rates it pays on its deposit products and the Bank's focus on increasing lower costing core deposits and reducing borrowed funds. The cost of certificates of deposit, money market accounts, savings accounts and NOW accounts decreased 59 basis points, 47 basis points, 26 basis points and 41 basis points, respectively, for the three months ended March 31, 2011 compared to the comparable prior year period. This resulted in a decrease in the cost of due to depositors of 43 basis points to 1.60% for the three months ended March 31, 2011 from 2.03% for the three months ended March 31, 2010. The cost of borrowed funds increased nine basis points to 4.41% for the three months ended March 31, 2011 from 4.32% for the three months ended March 31, 2010. The combined average balances of lower-costing core deposits increased a total of $172.1 million for the three months ended March 31, 2011 compared to the comparable prior year period, while the combined average balances of higher-costing certificates of deposits and borrowed funds decreased $64.5 million for the three months ended March 31, 2011 from the comparable prior year period. 

The net interest margin for the three months ended March 31, 2011 increased 21 basis points to 3.62% from 3.41% for the three months ended December 31, 2010. The yield on interest-earning assets increased five basis points during the quarter while the cost of interest-bearing liabilities decreased 17 basis points. Excluding prepayment penalty income, the net interest margin would have been 3.57% for the three months ended March 31, 2011, an increase of 20 basis points from 3.37% for the three months ended December 31, 2010. The increase in the yield on interest-earning assets was primarily due to the average balance of lower yielding interest-earning deposits decreasing $54.5 million for the three months ended March 31, 2011 from that for the three months ended December 31, 2010. These assets had a lower yield at 0.19% than the yield of total interest-earning assets.

A provision for loan losses of $5.0 million was recorded for the three months ended March 31, 2011, which was the same as that recorded in the three months ended March 31, 2010, and a decrease of $1.0 million from that recorded for the three months ended December 31, 2010. During the three months ended March 31, 2011, non-performing loans increased $4.1 million to $116.2 million from $112.1 million at December 31, 2010. Net charge-offs for the three months ended March 31, 2011 totaled $5.3 million. Non-performing loans primarily consists of mortgage loans collateralized by residential income producing properties located in the New York City metropolitan market that continue to show low vacancy rates, thereby retaining more of their value. The current loan-to-value ratio for our non-performing loans collateralized by real estate was 65.1% at March 31, 2011. We anticipate that we will continue to see low loss content in this segment of the loan portfolio that constitutes the majority of our non-performing loans. The Bank continues to maintain conservative underwriting standards. However, given the increase in non-performing loans, the current economic uncertainties, and the charge-offs recorded in the first quarter of 2011, management, as a result of the regular quarterly analysis of the allowance for loans losses, deemed it necessary to record a $5.0 million provision for possible loan losses in the first quarter of 2011.

Non-interest income for the three months ended March 31, 2011 was $0.9 million, a decrease of $1.7 million from $2.6 million for the three months ended March 31, 2010. The decrease in non-interest income was primarily due to a $0.9 million OTTI charge on a private issue CMO recorded during the three months ended March 31, 2011 compared to no OTTI charges in the three months ended March 31, 2010, and a $0.7 million net loss recorded for changes in assets and liabilities carried at fair value in the three months ended March 31, 2011 compared to a $0.1 million net loss recorded in the three months ended March 31, 2010. 

Non-interest expense was $20.0 million for the three months ended March 31, 2011, an increase of $2.1 million, or 11.6%, from $17.9 million for the three months ended March 31, 2010. The increase was primarily due to the growth of the Bank over the past year, which included the opening of a new branch in January 2011, an increase in stock based compensation expense, and an increase in foreclosure and other real estate owned expense. Salaries and benefits increased $1.2 million due to a new branch, employee salary increases as of January 1, and increases in stock based compensation, payroll taxes, and employee medical and retirement costs. Other expense increased $0.7 million primarily due to an increase in foreclosure and other real estate owned expense. The efficiency ratio was 50.4% for the three months ended March 31, 2011 compared to 49.8% for the three months ended March 31, 2010.

Balance Sheet Summary – At March 31, 2011

Total assets at March 31, 2011 were $4,316.9 million, a decrease of $7.8 million, or 0.2%, from $4,324.7 million at December 31, 2010. Total loans, net decreased $2.2 million, or 0.1%, during the three months ended March 31, 2011 to $3,246.5 million from $3,248.6 million at December 31, 2010. Loan originations and purchases were $99.1 million for the three months ended March 31, 2011, an increase of $4.1 million from $95.0 million for the three months ended March 31, 2010. Loan demand has remained at reduced levels due to the current economic environment. At March 31, 2011, loan applications in process totaled $164.7 million, compared to $142.2 million at December 31, 2010 and $151.8 million at March 31, 2010.

The following table shows loan originations and purchases for the periods indicated. The table includes loan purchases of $12.6 million and $1.8 million for the three months ended March 31, 2011 and 2010, respectively.

	For the three months ended March 31,
(In thousands)	2011	2010
Multi-family residential	$ 46,019	$ 38,405
Commercial real estate	1,419	4,600
One-to-four family – mixed-use property	4,819	12,712
One-to-four family – residential	3,353	6,675
Co-operative apartments	--	216
Construction	1,006	832
Small Business Administration	2,329	289
Taxi Medallion	23,824	16,454
Commercial business and other	16,291	14,801
Total	$ 99,060	$ 94,984

The Bank continues to maintain conservative underwriting standards that include, among other things, a loan to value ratio of 75% or less and a debt coverage ratio of at least 125%. However, non-accrual loans and charge-offs for impaired loans have increased, primarily due to the current economic environment. In response, the Bank has increased staffing to handle delinquent loans by hiring people experienced in loan workouts. The Bank reviews its delinquencies on a loan by loan basis and continually explores ways to help borrowers meet their obligations and return them back to current status. The Bank takes a proactive approach to managing delinquent loans, including conducting site examinations and encouraging borrowers to meet with a Bank representative. The Bank has been developing short-term payment plans that enable certain borrowers to bring their loans current. In addition, the Bank has restructured certain problem loans by either: reducing the interest rate until the next reset date, extending the amortization period thereby lowering the monthly payments, deferring a portion of the interest payment, or changing the loan to interest only payments for a limited time period. At times, certain problem loans have been restructured by combining more than one of these options. The Bank believes that restructuring these loans in this manner will allow certain borrowers to become and remain current on their loans. These restructured loans are classified as TDR. Loans which have been current for six consecutive months at the time they are restructured as TDR remain on accrual status. Loans which were delinquent at the time they are restructured as a TDR are placed on non-accrual status until they have made timely payments for six consecutive months. Loans that are restructured as TDR but are not performing in accordance with the restructured terms are excluded from the TDR table below, as they are placed on non-accrual status and reported as non-performing loans.

The following table shows loans classified as TDR that are performing according to their restructured terms at the periods indicated:

(In thousands)	March 31, 2011	December 31, 2010
Accrual Status:
Multi-family residential	$ 1,077	$ 11,242
Commercial real estate	2,439	2,448
One-to-four family - mixed-use property	268	206
Construction	24,216	--
Commercial business and other	2,000	--
Total	30,000	13,896
Non-accrual status:
Multi-family residential	8,646	--
One-to-four family - mixed-use property	381	--
One-to-four family - residential	572	--
Total	9,599	--
Total performing troubled debt restructured	$ 39,599	$ 13,896

Interest income on loans is recognized on the accrual basis. The accrual of income on loans is discontinued when certain factors, such as contractual delinquency of 90 days or more, indicate reasonable doubt as to the timely collectability of such income. Additionally, uncollected interest previously recognized on non-accrual loans is reversed from interest income at the time the loan is placed on non-accrual status. Loans in default 90 days or more, as to their maturity date but not their payments, continue to accrue interest as long as the borrower continues to remit monthly payments.

The following table shows non-performing assets at the periods indicated:

(In thousands)	March 31, 2011	December 31, 2010
Loans 90 days or more past due and still accruing:
Multi-family residential	$ --	$ 103
Commercial real estate	955	3,328
Construction	5,245	--
Commercial business and other	6	6
Total	6,206	3,437
Non-accrual loans:
Multi-family residential	34,979	35,633
Commercial real estate	22,152	22,806
One-to-four family - mixed-use property	29,211	30,478
One-to-four family - residential	9,455	10,695
Construction	5,165	4,465
Small business administration	2,052	1,159
Commercial business and other	6,991	3,419
Total	110,005	108,655
Total non-performing loans	116,211	112,092
Other non-performing assets:
Real estate acquired through foreclosure	2,182	1,588
Investment securities	4,348	5,134
Total	6,530	6,722
Total non-performing assets	$ 122,741	$ 118,814

Loans classified as TDR which are not performing in accordance with their restructured terms are included in non-accrual loans, and totaled $5.5 million and $2.3 million at March 31, 2011 and December 31, 2010, respectively.

The Bank's non-performing assets totaled $122.7 million at March 31, 2011, an increase of $3.9 million from $118.8 million at December 31, 2010. Total non-performing assets as a percentage of total assets were 2.84% at March 31, 2011 as compared to 2.75% at December 31, 2010. The ratio of allowance for loan losses to total non-performing loans was 24% at March 31, 2011 as compared to 25% at December 31, 2010.

Non-performing investment securities at March 31, 2011, include two pooled trust preferred securities totaling $4.3 million for which we currently are not receiving payments.

Performing loans delinquent 60 to 89 days were $21.9 million at March 31, 2011, an increase of $2.1 million from $19.8 million at December 31, 2010.   Performing loans delinquent 30 to 59 days were $65.2 million at March 31, 2011, a decrease of $8.3 million from $73.5 million at December 31, 2010.

The Bank recorded net charge-offs for impaired loans of $5.3 million and $2.3 million during the three months ended March 31, 2011 and 2010, respectively. The following table shows net loan charge-offs (recoveries) for the periods indicated:

The Bank considers a loan impaired when, based upon current information, we believe it is probable that we will be unable to collect all amounts due, both principal and interest, according to the original contractual terms of the loan. All non-accrual loans are considered impaired. Impaired loans are measured based on the present value of the expected future cash flows discounted at the loan's effective interest rate or at the loan's observable market price or the fair value of the collateral if the loan is collateral dependent. The property value of impaired mortgage loans are internally reviewed on a quarterly basis using multiple valuation approaches in evaluating the underlying collateral. These include obtaining a third party appraisal, an income approach or a sales approach. When obtained, third party appraisals are given the most weight. The income approach is used for income producing properties, and uses current revenues less operating expenses to determine the net cash flow of the property. Once the net cash flow is determined, the value of the property is calculated using an appropriate capitalization rate for the property. The sales approach uses comparable sales prices in the market. In the absence of a third party appraisal, greater reliance is placed on the income approach to value the collateral. The loan balance of impaired mortgage loans is then compared to the property's updated fair value. The balance which exceeds fair value is charged-off against the allowance for loan losses. 

During the three months ended March 31, 2011, mortgage-backed securities decreased $23.6 million, or 3.1%, to $730.5 million from $754.1 million at December 31, 2010. The decrease in mortgage-backed securities during the three months ended March 31, 2011 was primarily due to principal repayments of $38.0 million combined with a reduction in the fair value of $5.6 million, partially offset by purchases of $21.5 million. During the three months ended March 31, 2011, other securities increased $12.1 million, or 24.2%, to $62.2 million from $50.1 million at December 31, 2010. Other securities primarily consists of securities issued by government agencies and mutual or bond funds that invest in government and government agency securities. During the three months ended March 31, 2011, there were $13.1 million in purchases partially offset by a reduction in the fair value of $0.8 million.

Total liabilities were $3,922.9 million at March 31, 2011, a decrease of $11.8 million, or 0.3%, from $3,934.7 million December 31, 2010. During the three months ended March 31, 2011, due to depositors increased $28.3 million, or 0.9%, to $3,191.6 million, as a result of an increase of $57.2 million in certificates of deposit, partially offset by a decrease of $28.8 million in core deposits. Borrowed funds decreased $47.8 million during the three months ended March 31, 2011 as the increase in deposits allowed us to reduce our borrowed funds.

Total stockholders' equity increased $4.0 million, or 1.0%, to $394.1 million at March 31, 2011 from $390.0 million at December 31, 2010. The increase was primarily due to net income of $8.0 million for the three months ended March 31, 2011, the net issuance of 94,793 common shares during the quarter upon vesting of restricted stock awards and the exercise of stock options, and the annual funding of certain employee retirement plans through the release of common shares from the Employee Benefit Trust. These increases were partially offset by the declaration and payment of dividends on the Company's common stock of $4.0 million and a decrease in other comprehensive income of $2.9 million. Book value per common share was $12.57 at March 31, 2011 compared to $12.48 at December 31, 2010. Tangible book value per common share was $12.05 at March 31, 2011 compared to $11.95 at December 31, 2010.

The Company did not repurchase any shares during the three months ended March 31, 2011 under its current stock repurchase program. At March 31, 2011, 362,050 shares remain to be repurchased under the current stock repurchase program.

Reconciliation of GAAP and Core Earnings

Although core earnings are not a measure of performance calculated in accordance with GAAP, the Company believes that its core earnings are an important indication of performance through ongoing operations. The Company believes that core earnings are useful to management and investors in evaluating its ongoing operating performance, and in comparing its performance with other companies in the banking industry, particularly those that do not carry financial assets and financial liabilities at fair value. Core earnings should not be considered in isolation or as a substitute for GAAP earnings. During the periods presented, the Company calculated core earnings by adding back or subtracting, net of tax, the net gain or loss recorded on financial assets and financial liabilities carried at fair value, OTTI charges, net gains/losses on the sale of securities, and the income or expense of certain non-recurring items listed below.

Reconciliation of GAAP and Core Earnings before Provision for Loan Losses and Income Taxes

Although core earnings before the provision for loan losses and income taxes are not a measure of performance calculated in accordance with GAAP, the Company believes this measure of earnings is an important indication of earnings through ongoing operations that are available to cover possible loan losses and OTTI charges. The Company believes this earnings measure is useful to management and investors in evaluating its ongoing operating performance. During the periods presented the Company calculated this earnings measure by adjusting GAAP income before income taxes by adding back the provision for loan losses and adding back or subtracting the net gain or loss recorded on financial assets and financial liabilities carried at fair value, OTTI charges, net gains/losses on the sale of securities, and the income or expense of certain non-recurring items listed below.

About Flushing Financial Corporation

Flushing Financial Corporation is the parent holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC. Flushing Bank is a trade name of Flushing Savings Bank, FSB. The Bank serves consumers and businesses by offering a full complement of deposit, loan, and cash management services through its sixteen banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. The Bank also operates an online banking division, iGObanking.com^®, which enables the Bank to expand outside of its current geographic footprint. In 2007, the Bank established Flushing Commercial Bank, a wholly-owned subsidiary, to provide banking services to public entities including counties, towns, villages, school districts, libraries, fire districts and the various courts throughout the metropolitan area.

Additional information on Flushing Financial Corporation may be obtained by visiting the Company's website at http://www.flushingbank.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and in other documents filed by the Company with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "forecasts", "potential" or "continue" or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

- Statistical Tables Follow -

CONTACT: David W. Fry
         Executive Vice President, Treasurer
         and Chief Financial Officer
         Flushing Financial Corporation
         (718) 961-5400