Gold Coast Bank CEO/President Steps Down

John C. Tsunis and James P. Johnis Take on New Roles

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| Source: Gold Coast Bank

ISLANDIA, N.Y., May 23, 2014 (GLOBE NEWSWIRE) -- Gold Coast Bank, known as Long Island's Community Banksm, announced today that after several years of successfully steering the bank through a period of steady growth, Joseph Perri has stepped down from his role as CEO and president to pursue other opportunities.

John C. Tsunis, chairman of the board at Gold Coast Bank has been named CEO and recent hire James P. Johnis has been named president.

"We look forward to continuing on the path we set forth when we formed our community bank -- which includes venturing into New York City to best serve our clients, whether they are in Manhattan or Long Island," Tsunis said. "We are enthusiastic about what lies ahead."

About Gold Coast Bank

Headquartered in Islandia with additional individual branches located in Huntington, Setauket, Farmingdale and Mineola, Gold Coast Bank is a New York State chartered bank whose popularity and sterling reputation stems from the strong, long-term relationships cultivated among its large and diverse customer base. The bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Bank is one of Long Island's financially strongest de novo banks, and was recently ranked one of the 359 Safest Banks in America according to a list compiled by Investing Answers. Gold Coast Bank prides itself on providing businesses and individuals with quality lending and banking services. Fulfilling a unique niche within the Long Island commercial banking sector, Gold Coast Bank delivers specialty lending capabilities in a variety of areas that include real estate, equipment finance, and lines of credit for privately owned businesses. For more information about Gold Coast Bank, please visit www.gcbny.com.

BANK CONTACT:
Catherine Califano, SVP-CFO
631-233-8640