Flushing in N.Y. Taps Former FHLB Exec as Chairman

Flushing Financial in Uniondale, N.Y., has its next chairman lined up.

The $5.9 billion-asset company said in a press release Tuesday that its board also elected Alfred DelliBovi, a former CEO of the Federal Home Loan Bank of New York, to chair its bank. DelliBovi, who joined Flushing's board in July 2014, will succeed John Roe Sr. on Feb. 3.

Roe, 82, has been a fixture at Flushing for six decades. Roe, who joined the board of Flushing Bank in 1968, has been the company's chairman for the last six years.

DelliBovi, 69, retired from the Federal Home Loan Bank of New York in April 2014 after serving as its president and CEO for more than 21 years, a period where the institution's assets grew tenfold, to $120 billion. He was deputy secretary of the Department of Housing and Urban Development under President George H.W. Bush from 1989 to 1992.

"During Al's tenure as a director, he has served on the executive, audit, risk and compliance, and investment committees," John Buran, Flushing's president and CEO, said in the release. "I look forward to working with Al in his new role as we continue to grow the Flushing Financial franchise."

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