The First of Long Island Corporation Announces the Election of Edward J. Haye to the Board of Directors

Rhea-AI Summary

The First of Long Island Corporation (Nasdaq: FLIC) has announced the election of Edward J. Haye to its Board of Directors, effective November 15, 2022. Haye, currently Chief Regulatory Counsel for American Water Works Company, brings extensive experience in corporate governance and regulatory affairs. His background includes significant roles in regulated industries, enhancing the corporation's expertise. Chairman Walter C. Teagle III emphasized that Haye's community involvement in Sag Harbor aligns with the bank's 'Community First' culture, aiming to strengthen its presence on Long Island's East End.

Positive

• Edward Haye's extensive legal and regulatory experience could strengthen the board's expertise.
• Haye's community involvement may enhance the bank's local engagement and reputation.

Negative

• None.

MELVILLE, N.Y., Nov. 01, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, announced that on October 27, 2022, Edward J. Haye was elected to the Board of Directors of the Corporation and the Bank, effective November 15, 2022.

Mr. Haye is Chief Regulatory Counsel for American Water Works Company, Inc., the largest publicly traded water and wastewater utility company in the United States. Leadership responsibilities have included corporate governance, contract administration, affiliate transactions, intellectual property and labor and employment law. Mr. Haye’s professional experience includes working for other regulated utility companies and for law firms serving various regulated industries and government agencies. Mr. Haye serves on the Board of Trustees for the Village of Sag Harbor, New York, and is a member of the Board of Directors of the Park and Recreation Association of Sag Harbor, New York. He previously served as a member of the Board of Education for the Sag Harbor Union Free School District.

Mr. Haye earned his J.D. from Fordham University School of Law and graduated with distinction from Dartmouth College with an A.B in philosophy. He currently resides in Sag Harbor, New York.

Walter C. Teagle III, Chairman of the Board of Directors, speaking on behalf of the company said, “We are very pleased to have an individual with the legal and regulatory experience of Edward Haye join our Board. As a company with a ‘Community First’ corporate culture, Ed’s service to the local Sag Harbor community will benefit The First National Bank of Long Island’s new presence on the East End of Long Island.”

For More Information Contact:
Jay McConie, EVP and CFO
(516) 671-4900, Ext. 7404

FAQ

Who is Edward J. Haye and what is his role at FLIC?

Edward J. Haye is the newly elected Board member of The First of Long Island Corporation, effective November 15, 2022, bringing his legal and regulatory expertise to the board.

What experience does Edward J. Haye bring to FLIC?

Haye has significant experience in corporate governance, contract administration, and regulatory affairs, previously serving as Chief Regulatory Counsel for American Water Works Company.

How might Edward Haye's election impact The First of Long Island Corporation?

Haye's election could enhance the board's regulatory knowledge and strengthen community ties, aligning with the bank's 'Community First' values.