Hauppauge

KBRA Releases Surveillance Report for Dime Community Bancshares, Inc.

Retrieved on: 
Wednesday, September 6, 2023
Banking, Professional Services, Finance, KBRA, Outlook, DCOM, BBB, Dime Community Bank, Hauppauge, Security (finance), Telescopic sight, K3, Positive, K2

On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").

Key Points: 
  • On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").
  • In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, Dime Community Bank.
  • The Outlook for all long-term ratings was revised to Stable from Positive.
  • Click here to view the report.

The First National Bank of Long Island Cuts Ribbon at Three New Branch Locations

Retrieved on: 
Friday, June 23, 2023
Diamond, Main Street, Culture, Hauppauge, Bank One Corporation, History, Suite, ATM, Long Island Motor Parkway, Corporation, First National Bank, Bank, Tunnel, Management

“By relocating legacy branches, 1N can provide additional services and convenience for clients while improving the visibility of First National Bank LI across Long Island," said Christopher Becker, President and CEO.

Key Points: 
  • “By relocating legacy branches, 1N can provide additional services and convenience for clients while improving the visibility of First National Bank LI across Long Island," said Christopher Becker, President and CEO.
  • “Our dedicated team of local Bankers looks forward to serving customers in these new locations,” Richard Perro, Executive Vice President and Chief Retail Officer said.
  • Through its online presence and branch network branded as First National Bank LI, the Bank focuses on business and consumer needs on Long Island and in New York City.
  • For more information about the Bank and Corporation visit fnbli.com.

KBRA Affirms Ratings for Dime Community Bancshares, Inc.

Retrieved on: 
Tuesday, June 20, 2023
Professional Services, Finance, Acceleration, NIM, Pressure, Fed, HTM, KBRA, TCE, DCOM, AOCI, Hauppauge, NCO, Movement, Outlook, BBB, Dime Community Bank, NIB, CRE, Environment, Dime, Bank, K2, K3, Bridge

KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").

Key Points: 
  • KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").
  • In addition, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its main subsidiary, Dime Community Bank.
  • KBRA also favorably views Dime’s strong performance throughout the volatile liquidity environment in 1Q23, with core deposits growing $278 million or 3% from YE22.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

authID INC. Announces Closing of $8.2 Million Concurrent Registered Direct Offering and Private Placement led by Existing Shareholders and $8.9 Million Notes Exchange

Retrieved on: 
Friday, May 26, 2023
Cloud, Attention, Blockchain, Senior, Private, Share (finance), Telephone, Hauppauge, Regulation D, The Act, Movement, Sale, Private placement, Internet, Suite, Holder, Long Island Motor Parkway, Prospectus, Offering, Algorithm, Security (finance), Cryptocurrency

DENVER, May 26, 2023 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of secure identity authentication solutions, today announced it has closed its previously announced registered direct offering (the “Registered Direct Offering”) and concurrent private placement (the “Private Placement”) for the sale to accredited investors of approximately 17.9 million shares of its common stock (the “Shares”). Four directors of authID, including the Chief Executive Officer and the Chairman of the Board of Directors participated in the Private Placement. The purchase price for one Share in the Registered Direct Offering and the concurrent Private Placement was $0.458 (or $0.50 if the purchaser is a director of the Company). The aggregate gross proceeds from the Registered Direct Offering and the concurrent Private Placement were approximately $8.2 million including the offset of principal and accrued interest under and cancellation of a $929,250 note entered into by the Company with Stephen Garchik on March 9, 2023. Gross cash proceeds were approximately $7.3 million before deducting placement agent fees and other expenses of the Offering.

Key Points: 
  • Four directors of authID, including the Chief Executive Officer and the Chairman of the Board of Directors participated in the Private Placement.
  • The purchase price for one Share in the Registered Direct Offering and the concurrent Private Placement was $0.458 (or $0.50 if the purchaser is a director of the Company).
  • Gross cash proceeds were approximately $7.3 million before deducting placement agent fees and other expenses of the Offering.
  • Madison Global Partners, LLC, acted as sole placement agent for the Registered Direct Offering and the concurrent Private Placement.

Flushing Bank a Sponsor of HIA-LI 35th Annual Trade Show & Conference

Retrieved on: 
Thursday, May 25, 2023
Suffolk County, Hauppauge, Innovation Park, Flushing, R & G Financial Corporation, Conference, Suffolk County Community College, Bank, Management

UNIONDALE, N.Y., May 25, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the bank was a sponsor and exhibitor at the HIA-LI 35th Annual Trade Show & Conference.

Key Points: 
  • UNIONDALE, N.Y., May 25, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the bank was a sponsor and exhibitor at the HIA-LI 35th Annual Trade Show & Conference.
  • The event was held in the Suffolk Credit Union Arena at Suffolk County Community College.
  • “Our Hauppauge branch manager, Jackie Custance, is an active member of the HIA-LI.
  • With our new Hauppauge location in Innovation Park, this was a great opportunity for our bankers and lenders to network and introduce our products and services to the owners of Long Island businesses.” stated John R. Buran, President and Chief Executive Officer.

authID INC. Announces Pricing of Approximately $7.1 Million Registered Direct Offering and Concurrent Private Placement and Approximately $7.1 Million Notes Exchange

Retrieved on: 
Tuesday, May 23, 2023
Attention, Note, Senior, Private, Telephone, Hauppauge, Regulation D, The Act, Sale, Private placement, Suite, Holder, Long Island Motor Parkway, Prospectus, Security (finance), Share (finance)

The aggregate gross proceeds from the Registered Direct Offering and the concurrent Private Placement are expected to be approximately $7.1 million before deducting placement agent fees and other estimated offering expenses.

Key Points: 
  • The aggregate gross proceeds from the Registered Direct Offering and the concurrent Private Placement are expected to be approximately $7.1 million before deducting placement agent fees and other estimated offering expenses.
  • Simultaneously with the Registered Direct Offering and the concurrent Private Placement, the Company entered into a definitive agreement with holders (“Holders”) of its March 2022 Senior Secured Convertible Notes (the “Convertible Notes”) to exchange approximately $7.1 million of outstanding principal amount of the Convertible Notes, and accrued but unpaid interest thereon, for Shares (the “Notes Exchange”).
  • Madison Global Partners, LLC, acted as sole placement agent for the Registered Direct Offering and the concurrent Private Placement.
  • authID intends to use the net proceeds of the Registered Direct Offering and the concurrent Private Placement for working capital and general corporate purposes.

PKF O'Connor Davies Releases 2023 Long Island Economic Survey Results

Retrieved on: 
Friday, January 27, 2023
Siena College Research Institute, SCRI, Hauppauge, PKF, Growth

NEW YORK, Jan. 27, 2023 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, today announced the results of its Long Island Economic Survey – Outlook 2023. Published since 1995, the Long Island Economic Survey provides a snapshot of Long Island's business landscape through the lens of the region's business leaders. The study reflects the economic challenges and opportunities currently impacting the business community, as well as those that leaders believe will arise in the coming year. Of note, respondents indicated the least amount of confidence in the Long Island economy since the inception of the Long Island Economic Survey, emphasizing the tumult they faced in 2022.

Key Points: 
  • NEW YORK, Jan. 27, 2023 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, today announced the results of its Long Island Economic Survey – Outlook 2023.
  • Published since 1995, the Long Island Economic Survey provides a snapshot of Long Island's business landscape through the lens of the region's business leaders.
  • Of note, respondents indicated the least amount of confidence in the Long Island economy since the inception of the Long Island Economic Survey, emphasizing the tumult they faced in 2022.
  • The Long Island Economic Survey – Outlook 2023 was unveiled at a launch event on January 24, 2023, at the Crest Hollow Country Club.

Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter, Strong Net Loan Growth and Declares $0.10 Quarterly Cash Dividend

Retrieved on: 
Wednesday, January 25, 2023
Interest, C&I, FHLB, Savoy, Acquisition, Government, Calendar, Personal income in the United States, Sale, SBA, Bank, Federal Reserve, Total, USDA, Environment, PPP, Growth, NIM, Pressure, Hauppauge, Renting, Video game, Real estate, Security (finance), Renewable energy

MINEOLA, N.Y., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (“Hanover” or “the Company” – NASDAQ: HNVR), the holding company for Hanover Community Bank (“the Bank”), today reported significant performance achievements for the quarter ended December 31, 2022 highlighted by strong loan growth in addition to record levels of assets, loans and tangible book value per share. Further, the Company’s Board of Directors approved the payment of a $0.10 per share cash dividend on both common and Series A preferred shares payable on February 14, 2023 to stockholders of record on February 7, 2023.

Key Points: 
  • Net Interest Income: Net interest income was $15.3 million for the quarter ended December 31, 2022, a decrease of $1.2 million, or 7.1% versus the prior linked quarter.
  • Strong Lending Activity: On a linked quarter basis, the Company exhibited another quarter of strong net loan growth of $123.3 million, a 30.4% increase on an annualized basis.
  • The Bank’s net interest margin was 3.49% during the fourth calendar quarter of 2022 versus 4.39% in the comparable 2021 quarter and 4.04% in the linked 2022 quarter.
  • The Bank’s operating efficiency ratio was 49.6% in the fourth calendar quarter of 2022 versus 46.8% a year ago.

PKF O'Connor Davies Expands to New Office Location in Hauppauge, New York

Retrieved on: 
Friday, December 16, 2022
LLP, Veterans Memorial Highway, DGC, Hauppauge, Interstate 495 (New York), Public sector, PKF International, Accounting Today, Growth, Engineering, PKF, Interior design, Accounting, Vault

NEW YORK, Dec.16, 2022 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, LLP, one of the nation's largest accounting, tax, and advisory firms, is excited to announce the new location of its Hauppauge, New York, office, opening at 878 Veterans Memorial Highway. Located four miles east of the office's current location at 25 Suffolk Court, the relocation comes on the heels of additions to the Firm's team and provides increased space and amenities necessary to accommodate the Firm's ongoing growth.

Key Points: 
  • PKF O'Connor Davies continues to expand through organic growth and acquisitions on the East Coast and beyond.
  • PKF O'Connor Davies, LLP, is a full-service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally.
  • PKF O'Connor Davies employs more than 1,400 professionals who provide a complete range of accounting, auditing, tax and management advisory services.
  • PKF O'Connor Davies is the lead North American representative of the international association of PKF member firms.

SightMD Physicians named 2022 Super Doctors® and Rising Stars

Retrieved on: 
Thursday, September 1, 2022
Forehead, Orbit, Premature, Pediatric ophthalmology, Audiology, Rockville Centre, New York, Ophthalmology, Retina, Cornea, Cataract, Glaucoma, Physician, Board of directors, Hauppauge, MD, Surgeon, Uveitis, DO, Eyelid, Health, Rising Star, Patient, Neuro-ophthalmology, Pharmaceutical industry, Medical device, Dentistry, Veterinary medicine, Hospital, LASIK

HAUPPAUGE, N.Y., Sept. 1, 2022  /PRNewswire-PRWeb/ -- SightMD is excited to announce the growing list of providers that have been named on the 2022 "Super Doctor" and "Super Doctors Rising Stars" lists. Dr. Samuel Baharestani, Dr. Michelle Liebert, and Dr. Jeff Martin were recognized as among the best in their field by the "2022 New York Super Doctors" report. The number of doctors who receive this honor is limited to approximately five percent of the region's active physicians. Additionally, Dr. Brad Kligman, Dr. Amy Mehta, Dr. Alanna Nattis, Dr. Eric Rosenberg, Dr. Shetal Shah, Dr Gaurav Chandra, Dr. Leon Rafailov, and Dr. Sabah Shah were recognized as "Super Doctors Rising Stars" for having demonstrated noteworthy achievements early in their careers. The number of doctors who receive this honor is limited to approximately 2.5 percent of the region's active physicians.

Key Points: 
  • SightMD is excited to announce the growing list of providers that have been named on the 2022 "Super Doctor" and "Super Doctors Rising Stars" lists.
  • HAUPPAUGE, N.Y., Sept. 1, 2022 /PRNewswire-PRWeb/ -- SightMD is excited to announce the growing list of providers that have been named on the 2022 "Super Doctor" and "Super Doctors Rising Stars" lists.
  • Dr. Samuel Baharestani, Dr. Michelle Liebert, and Dr. Jeff Martin were recognized as among the best in their field by the "2022 New York Super Doctors" report.
  • The number of doctors who receive this honor is limited to approximately 2.5 percent of the region's active physicians.