Inside Long Island Business

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Gold Coast Bank to open fourth branch

Joseph G. Perri of Plainview is one of

Joseph G. Perri of Plainview is one of nine banking professionals who were named to the State Charter Bank Advisory Board. He is the president and chief executive of Islandia-based Gold Coast Bank. The board's mission is to advise the superintendent of the New York Department of Financial Services on ways to promote the state chartered banking system through retaining existing state chartered banks and encouraging federally chartered banks to convert. (April 2012) (Credit: Handout)

Gold Coast Bank said Tuesday it had received state and federal regulatory approval to open a fourth branch -- in Farmingdale. The branch, on Allen Boulevard, is scheduled to open next week.

Based in Islandia, Gold Coast was established in 2008 and has assets of $160 million. It specializes in private-client banking type services for business owners, professionals and other high-net worth individuals. It also has branches in Huntington and Setauket.

Photo: Gold Coast president and chief executive Joseph Perri

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