SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number : 0-12220
NOTIFICATION OF LATE FILING
(Check One): ____Form 10-K and Form 10-KSB ____Form 11-K ____Form 20-F
_X_ Form 10-Q and Form 10-QSB ____N-SAR
For Period Ended: September 30, 1999
____Transition Report on Form 10-K and Form 10-KSB
____Transition Report on Form 20-F
____Transition Report on Form 11-K
____Transition Report on Form l0-Q and Form 10-QSB
____Transition Report on Form N-SAR
For the Transition Period Ended: _________________________________________
Read attached instruction sheet before preparing form. Please print or
type.
Nothing in this form shall he construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I
REGISTRANT INFORMATION
Full name of registrant: The First of Long Island Corporation
Former name if applicable ___________________________________________________
Address of principal executive office (Street and number) : 10 Glen Head Road
City, state and zip code: Glen Head, New York 11545
PART II
RULE 12b-25 (b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the
following should be completed. (Check box if appropriate.)
_X_ (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
___ (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion
thereof will be filed on or before the 15th calendar day
following the prescribed due date; or the subject quarterly
report or transition report on Form l0-Q, 10-QSB, or portion
thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
___ (c) The accountant's statement or other exhibit required by Rule
12b-25 (c) has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 10-KSB, 11-K,
20-F, l0-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attach extra sheets if needed.)
<PAGE>
On November 12, 1999, the First of Long Island Corporation (the
"Corporation") announced that it had learned of improprieties by one of its
employees that resulted in a misstatement of the Corporation's earnings and
misappropriation of funds.
The Corporation will restate current and prior years' earnings because of
the above which include the fact that approximately $1.7 million in Trust
Department income had been erroneously recognized. It is anticipated that the
impact on current year earnings should be small, as the amounts to be provided
relate predominantly to prior years. Coverages for misappropriation are provided
under its insurance policies.
The Corporation's management and its auditors are conducting an ongoing
investigation into this and any possible related matters.
The Corporation's Form 10-Q for the quarter ended September 30, 1999 could
not be filed within the prescribed time period because additional time is needed
to determine the amount of the restatement that applies to each affected period.
The Form 10-Q will be filed promptly after such determination is made.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Mark D. Curtis (516) 671-4900, Ext. 556
-------------- ------------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
Yes __X__ No _____
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
Yes __X__ No _____
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
See response to Part III
The First of Long Island Corporation
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: November 15, 1999 By: /s/Mark D. Curtis
---------------------
Mark D. Curtis
Senior Vice President & Treasurer
(principal accounting & financial officer)
Instruction. The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and
title of the person signing the form shall be typed or printed beneath the
signature. If the statement is signed on behalf of the registrant by an
authorized representative (other than an executive officer), evidence of
the representative's authority to sign on behalf of the registrant shall be
filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal criminal
violations (see 18 U.S.C. 1001).
