The First of Long Island Corp. in Glen Head, N.Y., plans a secondary offering of about $35 million of common stock.
The $3.1 billion-asset parent company of First National Bank of Long Island said it expects to use the net proceeds for general corporate purposes, including support of organic growth and possibly the financing acquisitions of branches or fee-based business.
Sandler O'Neill was the sole underwriter for the offering, First of Long Island said in a news release Monday.
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Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.
April 12