N.Y. Bank to Form Holding Company

Long Island Commercial Bank, a state-chartered savings bank, is forming a holding company, according to a filing Tuesday with securities regulators.

The move would facilitate acquisitions and allow expansion into services such as brokerage and insurance, the filing said.

The $210 million-asset bank was founded in 1991. Its chairman is Perry Duryea, a former speaker and minority leader of the state Assembly.

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