Flushing Financial Corporation announced plans to open a second new branch location in Chinatown at 5. This expansion underscores the company's continued focus on serving and growing within the vibrant Asian-American communities in New York.
The new Chinatown branch is a strategic move to further penetrate a market where Flushing Bank has demonstrated strong deposit growth, with deposits in Asian-American markets growing at a 12.4% compound annual growth rate since Q2 2022.
This initiative is expected to enhance customer accessibility and deepen relationships within this key demographic. The expansion supports Flushing Financial's broader strategy to increase its market share and drive core funding in targeted high-potential areas.
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