The First of Long Island Corporation Announces Quarterly Cash Dividend of 18 Cents Per Share

• Press Release
• Source: First of Long Island Corporation
• On 10:30 am EST, Wednesday December 17, 2008

GLEN HEAD, N.Y., Dec. 17, 2008 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NasdaqCM:FLIC - News) announced today the declaration of a fourth quarter cash dividend in the amount of 18 cents per share. The dividend will be paid on January 12, 2009 to shareholders of record on December 31, 2008. Total cash dividends declared in 2008 amount to $.66 per share, representing a 14% increase over the $.58 per share declared in 2007.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has thirteen full service offices, twelve commercial banking offices and two select service banking centers in Nassau and Suffolk Counties and Manhattan.

          The First of Long Island Corporation
          Mark D. Curtis, Senior Vice President & Treasurer
          (516) 671-4900 Ext. 556