trending Market Intelligence /marketintelligence/en/news-insights/trending/skaC8TzbKrsC5C_VXt4afA2 content esgSubNav
In This List

First of Long Island Corp. nets $35.3M in just-completed common offering

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


First of Long Island Corp. nets $35.3M in just-completed common offering

Glen Head, N.Y.-based Firstof Long Island Corp. closed its public offering of 1.2 million common shares at apiece, according to a May 10news release.

Sandler O'Neill & Partners LP, sole underwriter for the offering,exercised part of its overallotment option, buying 100,000 more common shares atthe same per-share price.

Gross proceeds totaled $37.7 million and net proceeds came inat approximately $35.3 million.

Proceeds are set to go toward general corporate purposes, whichinclude support for organic growth and financing possible acquisitions of branchesor fee-based businesses.