Gold Coast Bank in Islandia, N.Y., is beginning its second round of financing after announcing that its fourth-quarter profit more than doubled.

The $202 million-asset bank said Tuesday that it received approval to increase its capital stock by nearly two million shares and that it is seeking to raise $15 million in a private offering. Gold Coast expects to open the offering to existing shareholders at the beginning of March, according to President and Chief Executive Joseph Perri.

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