ConnectOne Bancorp to Acquire The First of Long Island for $284M [Yahoo! Finance]
ConnectOne Bancorp, Inc. (CNOB)
Last connectone bancorp, inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Details of the Acquisition Pursued by ConnectOne Bancorp The First of Long Island, based in Melville, NY, operates 40 branches in the New York Metropolitan area, with roughly 92% of its deposits belonging to Nassau or Suffolk Counties. As of June 30, 2024, FLIC had approximately $4.2 billion in assets, $3.3 billion in loans and $3.4 billion in deposits. Upon the closure of the transaction, FLIC will be merged with ConnectOne Bancorp, with an anticipated post-tax merger charge of $38 million. The combined entity will operate under ConnectOne and is anticipated to have roughly $14 billion in total assets, $11 billion in total deposits and total loans. Per the agreement, CNOB will pay 0.5175 shares of its stock for each share of The First of Long Island common stock. Further, as part of the deal, ConnectOne Bancorp intends to raise roughly $100 million of tier 2 qualifying subordinated debt before the closure of the deal. These proceeds will be injected into ConnectOne Bancorp's
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CNOB
News
- CNOB INVESTIGATION: The M&A Class Action Firm Investigates the Merger of ConnectOne Bancorp, Inc. - CNOBPR Newswire
- STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers of CNOB, FLIC and EVBNAccesswire
- One ConnectOne Bancorp Insider Raised Their Stake In The Previous Year [Yahoo! Finance]Yahoo! Finance
- CNOB Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of ConnectOne Bancorp, Inc. is Fair to ShareholdersBusiness Wire
- ConnectOne Bancorp, Inc. to Expand on Long Island Through Merger with The First of Long Island CorporationGlobeNewswire
CNOB
Earnings
- 7/25/24 - Beat
CNOB
Analyst Actions
- 7/26/24 - Keefe, Bruyette & Woods
CNOB
Sec Filings
- 9/18/24 - Form 8-K
- 9/5/24 - Form 8-K
- 8/2/24 - Form 10-Q
- CNOB's page on the SEC website