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First Of Long Island Corp.
-8.04%
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
First of Long Island Corp. is a bank holding company headquartered in Glen Head, New York. It was founded in 1927 and operates throughout Long Island and Manhattan with its subsidiary banks.
The company's main subsidiary, The First National Bank of Long Island, was established in 1927 and is now the oldest bank headquartered on Long Island. The bank offers a range of financial services including loans, deposits, online banking, and investment management.
First of Long Island Corp. also owns and operates a wealth management firm, FNY Investment Advisers, LLC, which provides asset management services to individuals, businesses, and institutions.
The company is publicly traded on the NASDAQ stock exchange under the ticker symbol "FLIC" and is a member of the S&P SmallCap 600 index.
Overall, First of Long Island Corp. is committed to providing reliable and personalized financial services to its local community and has a long-standing history of serving the needs of its customers.
The company's main subsidiary, The First National Bank of Long Island, was established in 1927 and is now the oldest bank headquartered on Long Island. The bank offers a range of financial services including loans, deposits, online banking, and investment management.
First of Long Island Corp. also owns and operates a wealth management firm, FNY Investment Advisers, LLC, which provides asset management services to individuals, businesses, and institutions.
The company is publicly traded on the NASDAQ stock exchange under the ticker symbol "FLIC" and is a member of the S&P SmallCap 600 index.
Overall, First of Long Island Corp. is committed to providing reliable and personalized financial services to its local community and has a long-standing history of serving the needs of its customers.
What is special about the company?
There are a few key aspects that make First Of Long Island Corp. stand out as a company:
1. Local Focus: First Of Long Island Corp. is a community bank, focused on serving the Long Island area in New York. This gives the company a unique understanding of the local market and allows them to tailor their products and services to meet the specific needs of their customers.
2. Long History: The company was founded in 1927, making it one of the longest-standing banks on Long Island. This longevity speaks to the company's stability and ability to weather economic challenges.
3. Strong Financial Performance: First Of Long Island Corp. has consistently shown strong financial performance, with consistent profitability and growth in assets and deposits.
4. Personalized Service: As a community bank, First Of Long Island Corp. prides itself on providing personalized and responsive service to its customers. This can be a valuable offering in an industry where larger banks often struggle to maintain a personal touch.
5. Commitment to Community: The company has a strong commitment to supporting the communities it serves through initiatives such as community development loans and grants, donations to local charities, and volunteerism by employees.
6. Strong Governance: First Of Long Island Corp. has a robust governance structure in place, with a dedicated board of directors and committee system to oversee and guide the company's operations.
Overall, the combination of a local focus, long history, financial strength, personalized service, community commitment, and strong governance make First Of Long Island Corp. a unique and respected company in the banking industry.
1. Local Focus: First Of Long Island Corp. is a community bank, focused on serving the Long Island area in New York. This gives the company a unique understanding of the local market and allows them to tailor their products and services to meet the specific needs of their customers.
2. Long History: The company was founded in 1927, making it one of the longest-standing banks on Long Island. This longevity speaks to the company's stability and ability to weather economic challenges.
3. Strong Financial Performance: First Of Long Island Corp. has consistently shown strong financial performance, with consistent profitability and growth in assets and deposits.
4. Personalized Service: As a community bank, First Of Long Island Corp. prides itself on providing personalized and responsive service to its customers. This can be a valuable offering in an industry where larger banks often struggle to maintain a personal touch.
5. Commitment to Community: The company has a strong commitment to supporting the communities it serves through initiatives such as community development loans and grants, donations to local charities, and volunteerism by employees.
6. Strong Governance: First Of Long Island Corp. has a robust governance structure in place, with a dedicated board of directors and committee system to oversee and guide the company's operations.
Overall, the combination of a local focus, long history, financial strength, personalized service, community commitment, and strong governance make First Of Long Island Corp. a unique and respected company in the banking industry.
What the company's business model?
The First of Long Island Corp. is a bank holding company that primarily provides financial services to businesses, professionals, and individuals in the New York metropolitan area. Their business model is centered around traditional community banking, with a focus on relationship building and customer service. They offer a range of products and services including commercial and residential lending, deposit accounts, cash management services, and wealth management. The company also generates revenue through fees, interest on loans and investments, and other banking activities. Their goal is to maintain long-term, sustainable growth by meeting the financial needs of their customers and expanding their presence and reach in the local market.
Interesting facts about the company
1. The First Of Long Island Corp. was founded in 1927, making it one of the oldest banking institutions in New York.
2. The company is headquartered in Glen Head, New York, and operates 40 branch locations throughout Long Island and Queens.
3. The bank has total assets of over $4.9 billion and a market capitalization of approximately $544 million as of December 2020.
4. The First Of Long Island Corp. is a publicly traded company, trading on the NASDAQ under the ticker symbol FLIC.
5. The company provides a full range of financial services, including traditional banking services, wealth management, and insurance services.
6. The bank has a strong focus on community banking, supporting local businesses and organizations through various partnerships and sponsorships.
7. The First Of Long Island Corp. is consistently recognized for its strong financial performance, with a 5-star rating from BauerFinancial, a leading independent bank rating firm.
8. The bank also prides itself on its commitment to customer service, with a high level of customer satisfaction and accolades from various industry publications.
9. The bank has a long history of giving back to the community, with a commitment to various charitable initiatives and organizations.
10. The current CEO and President of the First Of Long Island Corp. is Michael N. Vittorio, who has been with the company for over 30 years and has held various leadership roles.
See Company Due Diligence:
2. The company is headquartered in Glen Head, New York, and operates 40 branch locations throughout Long Island and Queens.
3. The bank has total assets of over $4.9 billion and a market capitalization of approximately $544 million as of December 2020.
4. The First Of Long Island Corp. is a publicly traded company, trading on the NASDAQ under the ticker symbol FLIC.
5. The company provides a full range of financial services, including traditional banking services, wealth management, and insurance services.
6. The bank has a strong focus on community banking, supporting local businesses and organizations through various partnerships and sponsorships.
7. The First Of Long Island Corp. is consistently recognized for its strong financial performance, with a 5-star rating from BauerFinancial, a leading independent bank rating firm.
8. The bank also prides itself on its commitment to customer service, with a high level of customer satisfaction and accolades from various industry publications.
9. The bank has a long history of giving back to the community, with a commitment to various charitable initiatives and organizations.
10. The current CEO and President of the First Of Long Island Corp. is Michael N. Vittorio, who has been with the company for over 30 years and has held various leadership roles.
See Company Due Diligence:
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