An announcement from ConnectOne Bancorp (CNOB) is now available.
ConnectOne Bancorp, Inc. and The First of Long Island Corporation have announced a definitive merger agreement where FLIC will merge into ConnectOne. The deal, expected to close in mid-2025, allows FLIC shareholders to receive shares of ConnectOne stock as merger consideration. Post-merger, the combined entity will operate under the ConnectOne brand with FLIC executives joining the ConnectOne board. This strategic move aims to strengthen market presence and deliver enhanced value to shareholders, subject to regulatory and shareholder approvals.
Learn more about CNOB stock on TipRanks’ Stock Analysis page.
