Douglas Manditch, chairman and CEO of Empire Bancorp, seen in...

Douglas Manditch, chairman and CEO of Empire Bancorp, seen in a 2016 photo, said that President Donald Trump's promise to relax regulations has him "very encouraged." Credit: Empire National Bank

Islandia-based Empire Bancorp’s net income rose 28 percent to $843,000 for the fourth quarter, the company said in a Monday news release.

The parent of Empire National Bank also said it had $781.4 million in assets at the end of December, a 24 percent year-over-year increase.

Empire reported loans outstanding of $488.5 million, a 7 percent increase, and deposits of $670.7 million, a 29.5 percent increase.

Douglas C. Manditch, chairman and CEO of Empire Bancorp, said the bank has been conservative in its lending and has controlled expenses.

Manditch added that President Donald Trump’s promise to relax regulations has him “very encouraged.”

Empire shares closed up 5 cents to $12.60. The company’s shares are up 37 percent in the past year.

A Newsday/Siena College survey looks at the availability of affordable housing on Long Island and the cost of living compared to other places. NewsdayTV's Andrew Ehinger reports. Credit: Newsday/James Carbone; Andrew Ehinger; File Footage; Photo Credit: Anthony Perrone

'Parents' basement is good, but not permanent' A Newsday/Siena College survey looks at the availability of affordable housing on Long Island and the cost of living compared to other places. NewsdayTV's Andrew Ehinger reports.

A Newsday/Siena College survey looks at the availability of affordable housing on Long Island and the cost of living compared to other places. NewsdayTV's Andrew Ehinger reports. Credit: Newsday/James Carbone; Andrew Ehinger; File Footage; Photo Credit: Anthony Perrone

'Parents' basement is good, but not permanent' A Newsday/Siena College survey looks at the availability of affordable housing on Long Island and the cost of living compared to other places. NewsdayTV's Andrew Ehinger reports.

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