UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported) – September 17, 2014
 
 The First of Long Island Corporation
(Exact Name of Registrant as Specified in Charter)
 
New York
001-32964
11-2672906
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

10 Glen Head Road, Glen Head, New York
   
11545
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code - (516) 671-4900
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01.
Other Events
 
On September 17, 2014, The First of Long Island Corporation issued a press release announcing a 3-for-2 stock split on its common stock and an increase in its cash dividend to $.28 per share on the pre-split shares. The press release is furnished as Exhibit 99.1 to this Form 8-K filing.

Item 9.01.
Financial Statements and Exhibits

Exhibit 99.1 - Press release dated September 17, 2014 regarding the Corporation’s 3-for-2 stock split and increase in cash dividend to $.28 per share on the pre-split shares.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
The First of Long Island Corporation
 
(Registrant)
   
Date: September 17, 2014
By: /s/ William Aprigliano
 
William Aprigliano
 
Senior Vice President & Chief Accounting Officer
 
(principal accounting officer)
 
 
1




Exhibit 99.1

September 17, 2014
For More Information Contact:
 
Mark D. Curtis, EVP, CFO & Treasurer
 
(516) 671-4900 Ext. 556

PRESS RELEASE
THE FIRST OF LONG ISLAND CORPORATION ANNOUNCES
-----  3-FOR-2 STOCK SPLIT  -----
-----  7.7% INCREASE IN QUARTERLY CASH DIVIDEND  -----

Glen Head, New York, September 17, 2014 (GLOBE NEWSWIRE) – The First of Long Island Corporation (Nasdaq:FLIC) announced today a 3-for-2 stock split.  The stock split will be effected through a 50% stock dividend entitling each stockholder of record to receive one additional share of common stock for each two shares owned.  The Corporation will not pay cash in lieu of fractional shares, but will instead round-up each shareholder’s entitlement to the nearest full share.  Additional shares issued as a result of the stock split will be distributed on October 15, 2014, to shareholders of record on October 1, 2014.  Trading of the Corporation’s shares on a split-adjusted basis will begin on October 16, 2014.

The Corporation also announced a cash dividend of $.28 per share on its pre-split shares with the same record and payment dates as the stock split.  This represents a 7.7% increase over the dividend of $.26 per share declared in the same quarter last year.

Michael N. Vittorio, President and Chief Executive Officer of The First of Long Island Corporation, stated: “We are proud of the long-term value we have created for our shareholders.  The stock split may broaden our investor base and improve the trading volume and liquidity of our common stock.  The increase in the cash dividend is an expression of our confidence in the Corporation’s future earnings power and represents the continuation of a trend of increases over many years.”

The Bank currently has thirty-eight branches in Nassau and Suffolk Counties, Long Island and Manhattan.  The Bank expects to open its thirty-ninth branch in Manhasset, Long Island and its fortieth branch in Greenlawn, Long Island within the next three months.
 
 

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