State Bancorp, Inc. operates as the holding company for State Bank of Long Island that provides general banking products and services, focusing on the small to mid-sized business, municipal, and consumer markets in Long Island and New York City. The company’s deposit products include interest-bearing transaction accounts, non-interest-bearing demand deposits, checking accounts, NOW accounts, money market accounts, savings accounts, certificates of deposit, individual retirement accounts, and other time deposits. It also offers commercial loans, construction loans, commercial mortgage loans, consumer loans, small business lines of credit, and residential mortgage and home equity lines of credit products. In addition, State Bancorp provides cash management services, telephone and online banking services, and access to annuity products and mutual funds. The company serves commercial real estate owners and developers, small to middle market businesses, professional service firms, municipalities, and consumers. As of December 31, 2008, it operated 17 branches in Nassau, Suffolk, Queens, and Manhattan. The company was founded in 1966 and is headquartered in Jericho, New York.
In January the company began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $36.8 million from Treasury in exchange for preferred stock.
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Federal Equity Investment
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Total Revenue
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$116.5 million (2007) |
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Net Income
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$6.2 million (2007) |
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Number of Employees
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295
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Corporate Headquarters
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Jericho, New York |
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Bank
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Officers and Directors
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O'Brien, Thomas, President, CEO, Director of the Company and the Bank |
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Corporate Website
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No federal contracts located.
No lobbying reports located.
State Bancorp political contributions
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