Long Island Bancorp is revamping its consumer lending unit to develop more business in subprime lending and other niches, say sources close to the company.

The Melville, N.Y.-based thrift split the unit between two executives this summer, giving retail banking chief Bob Volk the unsecured and student lending divisions and leaving the residential and home equity lending divisions together under Dena Kwaschyn, director of mortgage operations. Pam Agnone continues to be in charge of the home equity unit, the company said.

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