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News Release
For Immediate Release
GOLD COAST BANK SUBMITS APPLICATION TO OPEN A NEW BRANCH, ITS SIXTH, IN SOUTHAMPTON
Islandia, NY (April 17, 2015) -- Gold Coast Bank, “Long Island's Community Bank”℠, has filed an application with the New
York State Department of Financial Services (NYSDFS) and the Federal Deposit Insurance Corporation (FDIC) to open its
sixth Long Island branch, in Southampton, marking a major milestone for the bank that opened in 2008. The opening of
the new branch, the first since emerging from de novo status, is subject to the approval of the NYSDFS and the FDIC.
Gold Coast Bank’s proposed branch is located at 97 North Sea Road, in Southampton Village's Business District, adjacent
to the Southampton Post Office.
"We are extremely pleased to announce our plans to open our sixth branch," said John C. Tsunis, Gold Coast's Chairman
and Chief Executive Officer. "Gold Coast has been highly-successful since it opened for business and this new branch
serves to confirm our standing as a bank that continues to strengthen its roots in the communities we serve across Long
Island.”
"With the opening of this branch, we are certain we will play a very active role in the growth in the Hamptons" Mr.
Tsunis said. "Southampton has always had a very large role to play on Long Island, serving as a beacon for business,
tourism and the arts. We are excited to further extend the Gold Coast Bank footprint into this vibrant community.”
Gold Coast Bank currently has branches in Mineola, Huntington, Farmingdale, East Setauket and at its headquarters in
Islandia. The bank recently reported its fourth consecutive year of profitability.
About Gold Coast Bank
Headquartered in Islandia with additional individual branches located in Huntington, Setauket, Farmingdale and
Mineola, Gold Coast Bank is a New York State chartered bank whose popularity and reputation stems from the strong,
long-term relationships cultivated among its large and diverse customer base. The bank’s deposits are insured by the
Federal Deposit Insurance Corporation (FDIC). Gold Coast Bank prides itself on providing businesses and individuals with
quality lending and banking services. Fulfilling a unique niche within the Long Island commercial banking sector, Gold
Coast Bank delivers specialty lending capabilities in a variety of areas that include real estate, equipment finance, and
lines of credit for privately owned businesses. For more information about Gold Coast Bank, please visit
www.gcbny.com.
BANK CONTACT:
Catherine Califano, EVP-CFO
631-233-8640
[email protected]