GLEN HEAD, N.Y., June 17, 2015 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq:FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.19 per share. This represents a 9.6% increase over the split-adjusted dividend declared in the same quarter last year of $.1733 per share. The dividend will be paid on July 10, 2015 to shareholders of record on July 1, 2015.
The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has 41 branches in Nassau and Suffolk Counties, Long Island and Manhattan. The Bank expects to expand its branch network into Queens County beginning in the fourth quarter of this year with openings in Howard Beach and Whitestone. The Bank also expects to open branches in East Islip and Hewlett, Long Island in the next twelve to fifteen months.