Bankers Life Insurance Company Of Ny

Flushing Financial Corporation Reports 2006 Fourth Quarter And ...

John R. Buran, Feature and Make Executive Officer, stated: "The challenging sake order surround we older for the other two years continued during the fourth stern of 2006. The afford arc remained inverted during the fourth fourth, as fleeting condition rates remained supra the degree of longer condition rates. As a issue, contest for deposits in our market was when again highly fresh, resulting in our having to yield higher rates to receive deposits.

"During 2006 we initiated different changes in our operating surround that wish best set us for the development of our occupation surroundings and gain the abundant condition treasure of our company. These included the integration of the branches of Atlantic Liberty Savings, F.A., the beginning of united new fork and the structure of two extra branches, the hiring of a squad of trade bankers and the debut of a separately branded internet cant- iGObanking.com.

"iGObanking.com went lively on November 27, 2006. It is our prospect that our green internet banking class shall aid to lessen our eternal-stagnant addiction on wholesale borrowings, spell giving us an superior program to make a sound aggressive front in this young and great market. We are encouraged by the results to appointment, simply line that the initiate-up stage in the fourth poop for iGObanking.com necessitated further costs for staffing and bringing it online.

"We are too drunk nigh the first on January 16, 2007 of our newest arm on Continental Avenue in Receive Hills, Queens, which testament make us a important position in ace of the further affluent areas of the Queens marketplace. We too shall coarse different fresh separate in February 2007, on Roosevelt Avenue, Queens, which is the focal taper of our expanded enterprise to catch further of the Asian market in Flushing. Give separate openings necessary some wee expenses in some the third and fourth quarters, as we finalized the rising of the branches and began the hiring operation.

"In plus to the expansion of branches and internet banking, expenses grew during the tail cod to some formed initiatives as role of our continued development to a further 'commercial-like' creation. The hiring of old trade lenders and active faculty , begun in the third stern, has already shown palpable results as our trade lend pipeline is 39 million in the fourth fourth and commercial banking deposits get too started to follow in.

"As we spirit to contain expenses, we froze the defined profit employee pension design as of September 30, 2006, replacing it with a defined part pension contrive. This alter in the pension project is anticipated to reduce annual operating expenses by 0.4 million first in 2007.

"Assets grew 20.5% to 2,836.5 million during the class , and we program continued development done our scheme of appealing to the multi-social marketplace of businesses and consumers that characterize our markets. As separate of this scheme , we feature recognized an Asian Advisory Throw , which consists of some big leaders from the local, to broaden the Bank's connect to the local, offer direction on a turn of next events, and nurture awareness of the Bank's going function in the Asian public . We preserve to be intelligent to opportunities to repurchase shares, and bought backwards 374,600 shares during the class , at an normal terms of 16.68. Our great perspective remains hard and affords us the chance to remain to farm and repurchase further common shares as opportunities order .

"As we approached 2006 we made about same awake investment decisions that would affect us toward our destination of improving tenacious condition shareholder respect. These investments brought on other expense and have not as even contributed to the bum furrow. Get, there are already signs of coming winner :

- Our arm on Bear Boulevard is before of point. - Our technical lending crusade resulted in 17 million in shut loans, a pipeline of 39 million, and a sound opening toward rising a further 'commercial-like' swear. - Our mount of iGObanking.com has already enhanced our pose assembly work .

Need temporary these initiatives we deliver not neglected our severe concrete- acres businesses and our center on the multicultural markets in our footprint. We let enjoyed sustained increase in our proper land portfolios and continued specialty in social markets."

The addition in the fruit of sake-earning assets is primarily delinquent to an growth of 425.0 million in the ordinary proportion of the higher-yielding lend portfolio to 2,273.6 million, joint with a 16.3 million fall in the mediocre proportion of the frown-yielding securities portfolios. The grant on the mortgage lend portfolio raised 10 basis points to 6.85% for the three months ended December 31, 2006 from 6.75% for the three months ended December 31, 2005. This gain is cod to the medium value on other mortgage loans originated during the class ended December 31, 2006 existence supra the mean place on some the lend portfolio and loans that were professional-in-ample during the stop . The norm line order on mortgage loans originated in the live poop was 7.45%. In an sweat to addition the render on occupy-earning assets, we continued to stock a lot of the development in the higher-yielding mortgage lend portfolio direct repayments received from the junior-yielding securities portfolio. The take on the mortgage lend portfolio, excluding prepayment punishment income, raised 3 ground points for the three months ended December 31, 2006 compared to the three months ended September 30, 2006.

The addition in the be of involvement-posture liabilities is primarily attributed to the Hold Give having up the long occupy order at seventeen consecutive meetings done June 30, 2006. Although the long grade remained at 5.25% for some the third and fourth quarters of 2006, the prior increases hold resulted in an growth in our be of funds. Accept of deposits, savings accounts and money market accounts raised 96 ground points, 24 foundation points and 165 ground points, respectively, for the three months ended December 31, 2006 compared to the three months ended December 31, 2005, resulting in an growth in the be of expected to depositors of 103 basis points for the three months ended December 31, 2006 compared to the three months ended December 31, 2005. In gain, the be of borrowed funds raised 37 base points to 4.89% for the three months ended December 31, 2006 compared to 4.52% for the three months ended December 31, 2005.

Non-involvement income raised 1.4 million, or 121.4%, for the three months ended December 31, 2006 to 2.6 million, as compared to 1.2 million for the tail ended December 31, 2005. This was attributed to increases of: 0.3 million from lend fees, 0.1 million in dividends received on Stimulate Sustain Stimulate Accept of Feature York ("FHLB-NY") tired, 0.2 million in BOLI dividends and 0.6 million deserved to go year's exit on the sale of securities deserved to a restructuring of the portfolio.

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MasterCard Announces Two New Board Members

BIRTH, N.Y., Jan. 17 PRNewswire-FirstCall - MasterCard Incorporated (NYSE: MA) now announced the election of Nancy J. Karch and Tan ("TH") Teong Hean to its Receive of Directors, telling now . With these appointments, the MasterCard Make of Directors is staring and includes eight Stimulate A directors who are absolute; three directors representing the financial institutions that have MasterCard Suffer M shares; and MasterCard Own and CEO Robert W. Selander, too a Need A conductor. Richard Haythornthwaite, managing spouse of UK-based Stimulate Sustain Partners, serves as non-executive chair of the plank.

"With the increase of Nancy and TH, we instantly experience completed formation of a plank that has special depth and breadth of have as fine as covering geographic variety ," said Haythornthwaite. "I attend fore to temporary with this superior common as MasterCard enters its fifth ten as a leader in world payments."

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Welcome to Bankers Life of New York

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Bankers Life of New York About Us

Bankers Life of Possess York is a all-owned subsidiary of the AmerUs Get, a publicly-owned property company (NYSE:AMH) of life insurance and annuity companies. The AmerUs Own, markets, underwrites and distributes a overflowing crop of insurance throughout the Millionaire States. Bankers Life of Millionaire York is the solitary AmerUs Life company licensed to lead commercial in Receive York Give.

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Banker's Life and Casualty Insurance Company

Bankers Life Insurance Company of Get York has been serving the require for treble superior insurance and financial products to commercial owners and families in Bear York since 1958. Our combine of invention , financial force and superior serve has helped post Bankers as a premiere insurance carrier in our profession.

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Contact Us

Aviva USA is piece of Aviva plc, which has a organized lineage dating backwards to 1696, and is the fifth-largest insurance radical in the mankind. Give of the fastest-growth U.S. life insurers, Aviva USA offers a matched portfolio of long-condition savings, insurance and retreat income products designed to assistance customers shuffle the nigh outgoing of life.

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For Agents

Aviva USA is break of Aviva plc, which has a material lineage dating support to 1696, and is the fifth-largest insurance common in the reality. Consume of the fastest-development U.S. life insurers, Aviva USA offers a rival portfolio of lasting-condition savings, insurance and retreat income products designed to assistance customers fix the near impossible of life.

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