ConnectOne Bancorp to buy First of Long Island in $284 million deal [Yahoo! Finance Canada]
The First of Long Island Corporation (FLIC)
Last the first of long island corporation earnings: 4/30 08:14 am
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US:NASDAQ Investor Relations:
fnbli.com/stock-information.aspx
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Source: Yahoo! Finance Canada
The deal will create a combined bank with about $14 billion in total assets and bolster ConnectOne's presence in New York City. First of Long Island shareholders will receive 0.5175 shares of ConnectOne for each held, valuing the lender at $12.40 per share, based on ConnectOne's last close. The offer represents a 0.8% discount to First of Long Island's last close. "We are excited to bring together two highly complementary, commercially focused banks to create a truly premier New York-metro community bank," said ConnectOne CEO Frank Sorrentino III. Sorrentino said the deal would also accelerate the bank's Long Island growth strategy. ConnectOne opened its first Long Island branch in 2018. The deal underscores the growing consolidation trend within the regional banking sector as lenders seek strategic partnerships to scale operations and gain a competitive edge. As part of the deal, First of Long Island CEO Chris Becker will become vice chairman of ConnectOne. The deal is
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FLIC
News
- The First of Long Island Co. (NASDAQ: FLIC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The First of Long Island Co. (NASDAQ: FLIC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The First of Long Island Co. (NASDAQ: FLIC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The First of Long Island Co. (NASDAQ: FLIC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The First of Long Island Corporation Reports Earnings for the Third Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
FLIC
Earnings
- 7/25/24 - Beat
FLIC
Sec Filings
- 11/18/24 - Form 4
- 11/5/24 - Form 4
- 10/28/24 - Form 10-Q
- FLIC's page on the SEC website