NEW YORK—The Federal Reserve Bank of New York approved the application by Flushing Financial Corporation, Lake Success, New York, to become a bank holding company upon the merger of Flushing Savings Bank, FSB, Flushing, New York, with and into Flushing Commercial Bank, Lake Success, New York.  Flushing Commercial Bank will become a New York State-chartered commercial bank and change its name to Flushing Bank.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.