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Inside Long Island business

Get the latest news and trends on Long Island companies and the people behind them.

Madison National sale passes muster

Madison National Bank.

Photo credit: Handout

Five-year-old Madison National Bancorp. of Melville said Thursday that federal regulators and shareholders have approved its takoever by FNBNY Bancorp. of Manhattan and that the deal is expected to close by the end of next month.

The corporate owner of Madison National Bank, which has branches in Massapequa, Melville and Merrick, said 99 percent of shareholders voting approved the merger....

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