Initial purchase: 9/2/2014
Cost basis: $22.90
Current Portfolio Status: Satellite
Dividend Reinvestment: N
Dividends paid quarterly in Jan, Apr, Jul, Oct
Shares held on account at Motif
The First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides financial services for privately owned businesses, professionals, and consumers. The company accepts various deposit products comprising checking accounts, including negotiable order of withdrawal accounts and IOLA; escrow service accounts; rent security accounts; money market accounts; savings products; time deposits; holiday club accounts; and individual retirement accounts. Its loan portfolio includes short-term business loans; term and installment loans; revolving credit term loans; loans secured by marketable securities, the cash surrender value of life insurance policies, deposit accounts, or general business assets; residential and commercial mortgage loans; home equity lines of credit; construction loans; consumer loans, such as auto and home improvement loans, overdraft lines of credit, and credit cards; and commercial and standby letters of credit. The company also offers account reconciliation, ATM banking, bank by mail, bill payment, cash management, collection, drive-through banking, lock box, merchant credit card, night depository, online and telephone banking, payroll, personal money order, remote deposit, safe deposit boxes, securities transactions, signature guarantee, investment management and trust, wire transfers and foreign cables, and withholding tax depository services, as well as provides controlled disbursement accounts, mutual funds, annuities, life insurance products, and travelers checks. In addition, it offers pension trust, personal trust, estate, and custody services; and insurance agency services, as well as owns a real estate investment trust. The company operates 23 full service offices, 11 commercial banking offices, and 2 select service banking centers in Nassau and Suffolk Counties, and Manhattan. The First of Long Island Corporation was founded in 1927 and is based in Glen Head, New York.