The First of Long Island Corporation (Nasdaq:FLIC) announced today the declaration of a fourth quarter cash dividend in the amount of 23 cents per share. This represents a 4.5% increase over the dividend of 22 cents per share declared in the same quarter last year. The dividend will be paid on January 13, 2012 to shareholders of record on January 3, 2012.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has twenty-one full service offices, twelve commercial banking offices and two select service banking centers in Nassau and Suffolk Counties and Manhattan.

CONTACT: Mark D. Curtis, Senior Vice President & Treasurer
         (516) 671-4900 Ext. 556
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