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Code of Ethics

For Chief Executive Officer and Senior Financial Officers

Of Flatbush Federal Bancorp, Inc.

 

 

 
   

It is the policy of Flatbush Federal Bancorp, Inc. (the "Company") that the Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") adhere to and advocate the following principles governing their professional and ethical conduct in the fulfillment of their responsibilities:

    1. Act with honesty and integrity, avoiding actual or apparent conflicts between his or her personal, private interests and the interests of the Company, including receiving improper personal benefits as a result of his or her position.

    2. Perform responsibilities with a view to causing periodic reports and other documents filed with the SEC to contain information which is accurate, complete, fair and understandable.

    3. Comply with laws of federal, state and local governments applicable to the Company, and the rules and regulations of private and public regulatory agencies having jurisdiction over the Company.

    4. Act in good faith, responsibly, with due care, and diligence, without misrepresenting or omitting material facts or allowing independent judgment to be compromised.

    5. Respect the confidentiality of information acquired in the course of the performance of his or her responsibilities except when authorized or otherwise legally obligated to disclose. Do not use confidential information acquired in the course of the performance of his or her responsibilities for personal advantage.

    6. Proactively promote ethical behavior among subordinates and peers.

    7. Use corporate assets and resources employed or entrusted in a responsible manner.

    8. Do not use corporate information, corporate assets, corporate opportunities or one’s position with the Company for personal gain. Do not compete directly or indirectly with the Company.

    9. Comply in all respects with the Company’s Code of Business Conduct and Ethics.

    10. Advance the Company’s legitimate interests when the opportunity arises.

    11. Promptly report violations of this Code of Ethics to the CEO, CFO or the Company’s Board of Directors.

The Board of Directors shall have the sole and absolute discretionary authority to approve any deviation or waiver of any provision of the Code of Ethics. Any waiver shall be promptly disclosed through a filing with the SEC on Form 8-K. Any changes to the Code of Ethics shall be promptly disclosed. It is also the Policy of Flatbush Federal Bancorp, Inc. that the CEO and CFO of the Company acknowledge and certify to the foregoing annually and file a copy of such certification with each of the Audit Committee and the Board of Directors.

 

Please feel free to email us at with any questions you may have.


Revised: [ajm] ......... 3/10/03
@ 12:35 PM