Gold Coast Bank | Long Island's Community Bank Mon, 29 Aug 2016 14:42:38 +0000 en-US hourly 1 “Gold Coast Bank Profit Rises” … As Seen in Today’s Long Island Business News Mon, 18 Jul 2016 20:07:13 +0000 By: Claude Solnik

Islandia-based Gold Coast Bank reported $573,000 second quarter net income, up 178 percent from $206,000, and $991,000 for the year to date up 114 percent from $463,000.

Assets for the quarter ended June 30 increased $70 million to $395 million from a year ago and $46 million from the end of the prior year.

Gold Coast’s deposits rose $57 million to $352 million from a year ago and grew by $45 million from the end of the prior year.

The bank’s loan portfolio grew by $63 million to $297 million year over year and by $21 million from the end of the prior year.

CEO John Tsunis said the bank is intent on continuing “our financial progress” and expanding, fueled by funds it obtained recently through a public offering.

Gold Coast on June 28 completed a public offering of nearly 1 million shares that raised about $9.5 million as its stock began trading on the OTC Pink Markets under the “GLDT” symbol.


Gold Coast Bank Earnings Press Release – As of June 30, 2016 Mon, 18 Jul 2016 20:00:07 +0000 GCB 06 30 16 press release FINAL



GCB and Islip Town Supervisor Angie Carpenter Welcome the Bank’s Newest Board Member Alan “Buddy” Simmons … Fri, 15 Jul 2016 19:33:22 +0000 So much to celebrate! On Wednesday, July 13th GCB hosted a welcome/networking event in honor of one of our newest board members, Alan “Buddy” Simmons !

Buddy is a founding shareholder and director of Gold Coast Bank. He is also a New York City licensed Master Rigger, a founding member and Managing Director of the New York City Master Riggers Association, and President of Budco Enterprises, Inc. in Hauppauge!  Also in-house to welcome and congratulate Buddy was Islip Town Supervisor Angie Carpenter!

Special thanks to everyone who came out to celebrate with us! We appreciate your continued support!

This event was sponsored by the Long Island Business News! Photo credits to Clifford Mason of Masefx Photography!

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Gold Coast Bank Celebrates the One Year Anniversary of their Southampton Branch! Thu, 14 Jul 2016 14:02:47 +0000 GCB celebrated our 6th and newest branch location’s One Year Anniversary at 97 North Sea Road in the Village of Southampton on Friday, July 8th! GCB Directors, including Chairman/CEO John C. Tsunis, President/COO James P. Johnis, Douglas Elliman’s CEO Dottie Herman and President of Farrell Building Company Joseph G. Farrell, welcomed Suffolk County Executive Steve Bellone and Southampton Town Supervisor Jay Schneiderman who graciously joined us!

Thank you to our staff, customers, associates, friends and family who showed their continued support for GCB in celebrating along with us! Great time had by all!

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Photo credits to Clifford Mason of Masefx Photography!

GCB’s VP/ Regional Branch Manager William K. Miller Adds Another Title to His Professional Accomplishments ! Fri, 08 Jul 2016 16:40:38 +0000 Congratulations GCB’s very own VP / Regional Branch Manager William K. Millerwho has been newly elected to the position of Vice President of       the Eastern Suffolk BOCES Board!  Bill tirelessly devotes himself to community involvement, holding positions with Long Island Metro Business Action (LIMBA),  Central Brookhaven Lions Club, Colonial Youth & Family Services, Longwood Central School District, National PTA and New York State School Boards Association, just to name a few!  Well done Bill!  We are so proud of you!