The First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides financial services. The company's deposit products include checking accounts, such as NOW accounts and IOLA; escrow service accounts; rent security accounts; money market accounts; savings products; time deposits; holiday club accounts; and individual retirement accounts. Its loan portfolio comprises short-term business loans; term and installment loans; revolving credit term loans; loans secured by marketable securities, the cash surrender value of life insurance policies, deposit accounts, or general business assets; residential and commercial mortgage loans; home equity lines of credit; construction loans; consumer loans, such as auto and home improvement loans, overdraft lines of credit, and credit cards; and commercial and standby letters of credit. The company also offers account reconciliation, ATM banking, bank by mail, bill payment, cash management, collection, drive-through banking, lock box, merchant credit card, night depository, payroll, online and telephone banking, personal money order, remote deposit, securities transactions, signature guarantee, trust and investment management, wire transfers and foreign cables, and withholding tax depository services, as well as offers controlled disbursement accounts, mutual funds, annuities, life insurance products, safe deposit boxes, and travelers checks. In addition, it provides pension trust, personal trust, estate, and custody services; and insurance agency services, as well as owns a real estate investment trust. The company offers its services to privately owned businesses, professionals, consumers, public bodies, and other organizations through its main office, 21 other full service offices, 11 commercial banking offices, and 2 select service banking centers. The First of Long Island Corporation was founded in 1927 and is based in Glen Head, New York.
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