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Business

John Kanas and the week in review

John Kanas

John Kanas Photo Credit: Newsday / David Pokress

Here are six stories from the week in business on Long Island.

-- A Florida bank run by former North Fork banking titan John Kanas, above, is buying a small bank with a branch in Melville.

-- You can vote on this: someone is making the case that wine should be sold in supermarkets, with the tax revenue designated to save farmland. What do you think?

-- A report says that having SUNY on Long Island is worth $4-billion to the local economy.

-- Without admitting guilt, Gentiva, a former Long Island company agreed to pay $12.5 million to settle a fraud case against it.

-- Meanwhile, David Lerner and Associates faces charges from FINRA that it hasn’t been properly treating investors in a real-estate investment trust.

-- And Sanjay Kumar ran out of legal maneuvering room when the highest court in the land declined to hear an appeal of his prison sentence.

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