SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25
                                                   Commission File No. 000-49967

                           NOTIFICATION OF LATE FILING

(Check One):   |X| Form 10-K   [ ] Form 11-K   [ ] Form 20-F   [ ] Form 10-Q
               [ ] Form 10-D   [ ] Form N-SAR  [ ] Form N-CSR

         For Period Ended: March 31, 2006
                           ---------------

 [ ] Transition Report on Form 10-K         [ ] Transition Report on Form 10-Q
 [ ] Transition Report on Form 20-F         [ ] Transition Report on Form N-SAR
 [ ] Transition Report on Form 11-K

         For the Transition Period Ended:
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  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.
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     If the  notification  relates  to a portion of the  filing  checked  above,
identify the item(s) to which the notification relates:

PART I -- REGISTRANT INFORMATION

Full name of registrant: Atlantic Liberty Financial Corp.
                         -------------------------------------------------------
Former name if applicable:
                          -----------------------------------------------------
Address of principal executive office (Street and Number):  186 Montague Street
                                                          ----------------------
City, state and zip code: Brooklyn, New York 11201
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PART II -- RULE 12b-25 (b) AND (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check box if appropriate.)

          (a)  The reasons  described in  reasonable  detail in Part III of this
               form  could  not be  eliminated  without  unreasonable  effort or
               expense;
          (b)  The subject annual report,  semi-annual report, transition report
               on Form 10-K,  Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or
               portion  thereof,  will  be  filed  on or  before  the  fifteenth
               calendar day  following the  prescribed  due date; or the subject
               quarterly  report or  transition  report on Form 10-Q or  subject
               distribution  report on Form 10-D,  or portion  thereof,  will be
               filed  on  or  before  the  fifth   calendar  day  following  the
               prescribed due date; and
          (c)  The  accountant's  statement  or other  exhibit  required by Rule
               12b-25(c) has been attached if applicable.







PART III -- NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K,  10-Q,10-D,  N-SAR,
N-CSR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period.

          The  Company  has not filed its Annual  Report on Form  10-KSB for the
          fiscal year ended  March 31,  2006.  The Company has been  acquired by
          Flushing Financial  Corporation  effective as of the close of business
          on June 30,  2006. A Form 15 shall be filed  effective  Monday July 3,
          2006.

PART IV -- OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification.

       Barry M. Donohue               (718)                   855-3555
    -----------------------        -------------          -------------------
           (Name)                   (Area Code)            (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter  period that the
     registrant was required to file such report(s) been filed? If the answer is
     no, identify report(s).

                                               |X| Yes           [ ] No


(3)  Is it anticipated that any significant change in results of operations from
     the corresponding  period for the last fiscal year will be reflected by the
     earnings  statements  to be  included  in the  subject  report  or  portion
     thereof?

                                                [ ] Yes          |X| No

     If so: attach an explanation of the anticipated  change,  both  narratively
     and quantitatively,  and if appropriate, state the reasons why a reasonable
     estimate of the results cannot be made.

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                        Atlantic Liberty Financial Corp.
                       --------------------------------
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date: June 29, 2006             By: /s/ William M. Gilfillan
                                   ------------------------------
                                   William M. Gilfillan
                                   Executive Vice President, Corporate Secretary
                                     and Chief Financial Officer