ConnectOne Bancorp to Acquire The First of Long Island for $284M
TBBKThe Bancorp(TBBK) ZACKS·2024-09-09 23:21

ConnectOne Bancorp, Inc. (CNOB) has agreed to acquire The First of Long Island Corp. (FLIC) . The all-stock transaction is valued at 284million.DetailsoftheAcquisitionPursuedbyConnectOneBancorpTheFirstofLongIsland,basedinMelville,NY,operates40branchesintheNewYorkMetropolitanarea,withroughly92284 million.Details of the Acquisition Pursued by ConnectOne BancorpThe 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, 3.3billioninloansand3.3 billion in loans and 3.4 billion in deposits.Upon the clo ...