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First of Long Island Corp. commences common stock offering
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Glen Head, N.Y.-based Firstof Long Island Corp. commenced an offering of approximately $35.0 millionof its common stock, according to a May 2 press release.
Net proceeds from the offering are expected to be used for generalcorporate purposes, which include support for organic growth and purchases of branchesor fee-based businesses.
The sole underwriter for the offering will be Sandler O'Neill& Partners LP.