The First of Long Island Corporation Announces Dividend Reinvestment and Stock Purchase Plan
November 03 2011 - 10:30AM
The First of Long Island Corporation (the "Company") (Nasdaq:FLIC),
the holding company for The First National Bank of Long Island (the
"Bank"), announced that its Board of Directors approved the
adoption of a Dividend Reinvestment and Stock Purchase Plan (the
"Plan"), which is expected to become effective beginning with the
Company's next dividend. The Plan will provide an opportunity for
shareholders to automatically reinvest cash dividends received from
the Company in shares of the Company's common stock, and also to
purchase additional shares through the Plan.
The Plan will be administered by the Company's transfer agent,
Registrar and Transfer Company. Plan enrollment materials and
information will be distributed to Company shareholders, and
interested shareholders must return an enrollment form to the
transfer agent in order to participate in the Plan. The Plan will
be included in a registration statement on Form S-3, which the
Company will file with the Securities and Exchange Commission.
This announcement shall not constitute an offer to sell
or the solicitation of an offer to buy shares of Company common
stock, which will be made only by means of a
prospectus.
About The First of Long Island Corporation
The First of Long Island Corporation is a one-bank holding
company that serves the financial needs of privately owned
businesses, professionals, consumers, public bodies, and other
organizations through the Bank. The Bank currently operates in
Nassau and Suffolk Counties and New York City through twenty-one
full service offices, twelve commercial banking offices and two
select service banking centers.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements involve risks and uncertainties that could cause actual
results to differ materially from those contemplated by the forward
looking statements.
For a detailed discussion of risk factors applicable to the
Company, please refer to the Company's Annual Report on Form 10-K
for the year ended December 31, 2010 and from time to time other
filings with the SEC, which are available on the SEC's Internet web
site (http://www.sec.gov).
Investors are cautioned not to place undue reliance on our
forward-looking statements, which speak only as of the date such
statements are made. The Company does not undertake any obligation
to publicly update any forward-looking statements to reflect
events, circumstances or new information after the date of this
press release, or to reflect the occurrence of unanticipated
events.
CONTACT: Christopher Becker, Vice President
(516) 671-4900, Ext. 537
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