Long Island's shrinking presence on Wall Street
At one time, Long Island had more than 100 public companies that operated their headquarters here. Now some have been closed, others acquired, and still others have just shifted their centers of operations to other locations.
Below is a list of 14 former Long Island companies that have left behind their local roots, including most recently Pall Corp., which agreed to sell itself this year, and Dealertrack, which agreed to a sale earlier this week.
Pall Corp.(Credit: Barry Sloan)
On May 13, 2015, Port Washington-based Pall Corp. agreed to be acquired by Danaher Corp. in a $13.8 billion deal. Once the deal is closed, Pall Corp. will be the latest Long Island company to no longer be based here, becoming a subsidiary of Danaher, based in Washington, D.C.
North Fork Bank(Credit: David Pokress)
Before it was bought out by Virginia-based Capital One in 2006, North Fork Bancorp was, by far, the biggest bank from Long Island. Pictured here is John Kanas, in his office on April 22, 2009. He led the bank's aggressive expansion throughout New York before selling the financial institution.
European American Bank(Credit: Spector Group )
It was the deal that turned Citibank into a major Long Island player. It also changed the name of one of the region's iconic locations. For years European American Bank's EAB Plaza was the place to visit during the holidays. The famous buildings near the Nassau Coliseum are easily recognizable, but the EAB name that went along with it vanished when Citibank bought EAB from ABN AMRO in a huge cash and stock deal. With that, Uniondale-based EAB was gone. The development itself is now known as RXR Plaza.
American Home Mortgage(Credit: Newsday / Ken Spencer)
The Melville subprime real estate lender American Home Mortgage filed for bankruptcy as the housing bubble collapsed and the Great Recession hit in 2007. It folded shortly thereafter. This photo of the empty building is from Aug. 7, 2007.
Arrow Electronics(Credit: David Pokress)
Arrow Electronics, the Melville distributor of electronic components and computer products, moved its headquarters to Colorado in 2011. This photo is from April 27, 2011.
Bank of Babylon(Credit: Doug Young)
Long Island's giant North Fork Bank is represented higher in this list, but there are also many, many local banks that used to be headquartered on Long Island. Many are now gone, although their name lives on -- at least in stone. Take the Bank of Babylon on Deer Park Avenue in Babylon Village. The bank is long gone, and Monsoon Asian kitchen and lounge now calls it home.
Bovie Medical Corp.(Credit: AP)
The Melville medical device maker Bovie Medical Corp. moved its headquarters to Westchester County in 2014.
Gentiva Health Services(Credit: Google)
Melville home-health care provider Gentiva Health Services moved headquarters to Atlanta in 2009. Here is its former Hauppauge office.
Hauppauge satellite communication device manufacturer Globecomm Systems was acquired by Wasserstein & Co. of Manhattan in August 2013.
Griffon Corp.(Credit: Google)
The Jericho manufacturer Griffon Corp. moved its headquarters to 712 Fifth Ave. in Manhattan in 2010.
Hi-Tech Pharmacal Co.(Credit: Steve Pfost)
Hi-Tech Pharmacal Co., an Amityville drugmaker, was acquired in 2014 by Akorn Inc. of Lake Forest, Ill. The company's building is seen in 2012.
National Medical Health Card Systems(Credit: Google)
National Medical Health Card Systems, a Port Washington manager of prescription drug plans formerly headquartered at 26 Harbor Park Dr., was bought in 2008 by SXC Health Solutions Corp.
NBTY Inc.(Credit: Newsday / Audrey C. Tiernan)
The Amityville vitamin maker NBTY Inc. was purchased in 2010 by the Carlyle Group, a private equity firm in Washington, D.C. NBTY's headquarters is in Ronkonkoma, but the company is no longer publicly traded or locally owned. In this photo, Hilisandri Martin, a line runner at NBTY, checks the packaging of nutritional bars at the company's manufacturing plant.
Standard Microsystems Corp. (SMSC)(Credit: Danielle Finkelstein)
Hauppauge technology company Standard Microsystems Corp. was bought by Microchip Technology Inc. of Chandler, Ariz. in 2012.
CA Technologies(Credit: Kevin P. Coughlin)
After years of calling Islandia home, CA Technologies filed paperwork in May 2014 with the U.S. Securities and Exchange Commission to make 520 Madison Ave. in Manhattan its new headquarters, officially ending its run as a Long Island-based company and turning into a Manhattan-based one.
11. Dealertrack Technologies(Credit: Newsday)
Dealertrack Technologies Inc., one of Long Island's largest software makers, is being acquired by Cox Automotive Inc., of Atlanta, for $4 billion, the companies announced on June 15, 2015. Once the deal closes, Dealertrack will be another former Long Island company to no longer be based here.