Long Island Financial Corp. Announces Election of Vice Chairmen.Business Editors ISLANDIA, N.Y.--(BUSINESS WIRE)--April 20, 2004 Douglas C. Manditch, President and Chief Executive Officer of Long Island Financial Corp. (NASDAQ/NMS: LICB LICB Long Island Commercial Bank (New York, USA) LICB limited international bidding procedures ), and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Long Island Commercial Bank, announced today the Boards elected Frank J. Esposito and John C. Tsunis, Esq. as Vice Chairmen of the Boards, of both the Company and the Bank, at meetings held on April 14, 2004. Frank J. Esposito is a founding Director of the Bank, serving since 1989. He is the President of Trio Leasing Co., Inc., and its related real estate and development companies. Mr. Esposito is a graduate of Eastern Military Academy Eastern Military Academy is a defunct academy founded in 1944 in Connecticut by Roland R. Robinson, a former mathematics teacher at Peekskill Military Academy (also defunct), and his brother-in-law, Carleton Witham. and attended New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . He is a former Chairman of Suffolk County Off-Track Betting; has formerly served on the Executive Committee for the Cooley's Anemia Foundation, and is presently on the Board of Directors of the Smithtown YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. and a sponsor for the Smithtown Blind Foundation. Mr. Esposito and his wife Nancy reside in Nissequogue. John C. Tsunis, Esq. has been a member of the Board of Directors of Long Island Commercial Bank since 1990. He serves the Bank as General Counsel for real estate matters. Mr. Tsunis is President of Long Island Hotels LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which manages seven hotel properties in the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , and has practiced law for the last 26 years in the Hauppauge, Long Island firm of Tsunis, Gasparis & Dragotta LLP, and its predecessors. Mr. Tsunis graduated with honors, from New York University, with a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Banking and Finance, and received a Juris Doctor degree from the Syracuse College of Law in 1975. Mr. Tsunis is Chairman of the Board of the Long Island Museums in Stony Brook, a member of the Board of Directors for New York State Hospitality and Tourism Association in Albany, The Board of Directors for the Long Island Aquarium, The Board of Visitors of Touro Law School, and has served on other community and not-for-profit boards. Mr. Tsunis has four children, and lives in Poquott, Long Island with his wife Laura and son Charles. In concluding his announcement, Mr. Manditch pointed out that Harvey Auerbach was elected Chairman of the Board, of both the Company and the Bank, on February 28, 2004, and that the Boards' actions of April 14th completes the restructuring of the Boards, following the retirement of the Company and Bank's Vice Chairman, Roy M. Kern, Sr., effective January 1, 2004, and the death of Perry B. Duryea, Chairman of the Board, on January 11, 2004. |
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