First of Long Island Corporation Overview
Pro stress-test →First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides financial services to small and medium market businesses, professional service firms, not-for-profits, municipalities, and consumers in the United States. The company was founded in 1927 and is headquartered in Melville, New York.
Strategic Profile
Pro stress-test →The Bank serves the financial needs of small-to-middle market businesses, professional service firms, not-for-profits, municipalities and consumers, primarily in Nassau and Suffolk Counties of Long Island, and the boroughs of New York City. The company shifted towards commercial lending and reduction in residential loans, underscoring a strategic refocus on higher-margin, relationship-based business operations, with diversification of revenue streams through noninterest income from service charges and merchant services.
Competitive Landscape
Pro stress-test →First of Long Island competes with regional banks serving Long Island and NYC, including other community banks and branches of larger national banks. Comparable competitors noted include Dime Community Bancshares, ConnectOne Bancorp, FISI Financial Institutions, The First Bancorp, and First Community Bankshares.
Industry Context
First of Long Island Corporation operates in Community banking.
Key facts
Founded: 1927 · Headquarters: Melville, New York · Employees: N/A · Revenue: N/A · Market cap: N/A (Acquired June 2025)