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The First of Long Island Corp. posts profit rise
Long Island Business News, Nov 8, 2007 by Laura Theis
The First of Long Island Corp. announced Thursday that net income for the third quarter rose 3 percent year over year.
The bank's third quarter net income was $2.98 million compared with $2.88 million in the same quarter of 2006. Basic earnings per share were up 2 cents to 40 cents.
Total assets for The First of Long Island at the end of the third quarter were $1.01 billion.
The company also announced that it expects to open two new Suffolk County branches before the end of the year or in early 2008. The branches will be located in Babylon and Northport Village.
Copyright 2007 Dolan Media Newswires
Provided by ProQuest Information and Learning Company. All rights Reserved.
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