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Stock impact report

ConnectOne Bancorp, Inc. to Expand on Long Island Through Merger with The First of Long Island Corporation

ConnectOne Bancorp, Inc. (CNOB) 
Last connectone bancorp, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: connectonebank.com
Company Research Source: GlobeNewswire
ENGLEWOOD CLIFFS, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) ("ConnectOne or “Company"), parent company of ConnectOne Bank, and The First of Long Island Corporation (Nasdaq: FLIC) (“First of Long Island”), parent company of The First National Bank of Long Island, jointly announced today that they have entered into a definitive agreement pursuant to which First of Long Island will merge with and into ConnectOne. The combined company will operate under the ConnectOne brand, and will have approximately $14 billion in total assets, $11 billion in total deposits, and $11 billion in total loans. Under the terms of the agreement, First of Long Island shareholders will receive 0.5175 shares of ConnectOne common stock for each share of First of Long Island common stock. The transaction is presently valued at approximately $284 million in the aggregate, or approximately $12.40 per First of Long Island share, based upon the closing common stock price o Show less Read more
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