The First of Long Island Corporation Names Mike Spolarich as Executive Vice President and Chief Credit Officer

Rhea-AI Summary

The First of Long Island Corporation (NASDAQ: FLIC) has announced the promotion of Michael J. Spolarich to Executive Vice President and Chief Credit Officer of its banking subsidiary, effective December 1, 2020. Spolarich, who has served as Senior Vice President and Senior Credit Officer since April 2020, has over thirty years of banking experience. His knowledge in credit management is expected to bolster the Bank’s asset quality. The First National Bank of Long Island operates forty-nine branches, primarily serving Nassau and Suffolk Counties as well as parts of New York City.

Positive

• Promotion of Michael J. Spolarich to Executive Vice President and Chief Credit Officer, enhancing leadership in credit management.
• Spolarich's extensive experience in banking will likely support strong asset quality.

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• None.

GLEN HEAD, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ: FLIC) announced today that Michael J. Spolarich has been promoted to Executive Vice President and Chief Credit Officer of its banking subsidiary, The First National Bank of Long Island, effective December 1, 2020.

Mr. Spolarich has been employed as Senior Vice President and Senior Credit Officer of the Bank since April 13, 2020. Prior to that time, Mr. Spolarich served as Senior Credit Officer for a regional bank's New York City and Long Island districts and Chief Credit Officer and Deputy Chief Credit Officer, respectively, for two Long Island community banks. Mr. Spolarich began his banking career over thirty years ago at Chemical Bank where he received his formal credit training. He has a Master of Business Administration from New York University, Leonard N. Stern School of Business with an emphasis in finance and information systems and is also a graduate of Cornell University with a B.S. in Applied Economics and Business Management.

President and Chief Executive Officer, Christopher Becker, commented, “Mike’s broad working knowledge of banking includes his years of experience as a Senior Lending Officer and Chief Retail Officer within our market. Mike and I worked together at Long Island banks for more than ten years. His demonstrated performance as a talented credit officer will support the Bank’s long history of strong asset quality as we cultivate core business.”

About The First of Long Island Corporation

The First of Long Island Corporation is the bank holding company for The First National Bank of Long Island. The Bank serves the financial needs of privately-owned businesses, professionals, consumers, public bodies and other organizations primarily in Nassau and Suffolk Counties, Long Island, and the boroughs of Queens, Brooklyn and Manhattan within New York City with a current branch network of forty-nine branches.

For More Information Contact
Christopher Becker, President and CEO
(516) 671-4900 Ext. 7000

FAQ

Who has been promoted to Chief Credit Officer at FLIC?

Michael J. Spolarich has been promoted to Executive Vice President and Chief Credit Officer.

When does Michael J. Spolarich's promotion take effect?

His promotion takes effect on December 1, 2020.

What is the current number of branches for The First National Bank of Long Island?

The First National Bank of Long Island operates forty-nine branches.

What areas does The First National Bank of Long Island serve?

It serves Nassau and Suffolk Counties and parts of New York City.

What experience does Michael J. Spolarich have in banking?

He has over thirty years of banking experience, including roles as Senior Credit Officer and Chief Credit Officer.