Flatbush Federal Bancorp, Inc. Announces Results of Shareholder Vote
NEW YORK, Oct. 25, 2012 /PRNewswire/ -- Flatbush Federal Bancorp, Inc. (OTC Bulletin Board: FLTB), the holding company for Flatbush Federal Savings & Loan Association, announced today that it received approval for the merger and the merger agreement at its special meeting of stockholders held on October 24, 2012.
Jesus R. Adia, Chairman, President and Chief Executive Officer of Flatbush Federal Bancorp, commented, "We are pleased that our stockholders have taken this important step towards completing our merger with Northfield. We are working hard to close the merger as quickly as possible."
About Flatbush Federal Bancorp, Inc.
Flatbush Federal Bancorp, Inc. is the holding company for Flatbush Federal Savings & Loan Association, which was founded in 1883 and operates three full-service banking offices in Brooklyn, New York.
This news release contains forward-looking statements. These forward-looking statements may include: management plans relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction; the ability to obtain any required regulatory, stockholder, member or other approvals; any statements of the plans and objectives of management for future or past operations, products or services, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made. Flatbush Federal Bancorp does not assume any duty and does not undertake to update forward-looking statements. Because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those that Flatbush Federal Bancorp anticipated in its forward-looking statements and future results could differ materially from historical performance. Factors that could cause or contribute to such differences include, but are not limited to, the possibility: that expected benefits may not materialize in the timeframe expected or at all, or may be more costly to achieve; that the transaction may not be timely completed, if at all; that before the completion of the transaction or thereafter, Northfield Bancorp's and Flatbush Federal Bancorp's respective businesses may not perform as expected due to transaction-related uncertainty or other factors; that the parties are unable to successfully implement integration strategies; that certain approvals are not obtained or other closing conditions are not satisfied in a timely manner or at all; reputational risks and the reaction of the companies' customers to the transaction; diversion of management time on merger-related issues; and those factors and risks referenced from time to time in Northfield Bancorp's and Flatbush Federal Bancorp's filings with the Securities and Exchange Commission. For any forward-looking statements made in this press release or in any documents, Flatbush Federal Bancorp claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
SOURCE Flatbush Federal Bancorp, Inc.