Business
ConnectOne Bancorp, Inc. and The First of Long Island Corporation Announce Receipt of FDIC Approval for Merger
ENGLEWOOD CLIFFS, N.J. and MELVILLE, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), and The First of Long Island Corporation (Nasdaq: FLIC) (“First of Long Island”), parent company of The First National Bank of Long Island, today announced they have received the approval of the Federal Deposit Insurance Corporation to proceed with the previously announced merger of ConnectOne and Firs
About this update from Connectone Bancorp, Inc.
[{"type":"image","alt":"ConnectOne Bancorp, Inc.","displaySize":"","headline":null,"caption":"ConnectOne Bancorp, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":83,"url":"https://media.zenfs.com/en/globenewswire.com/a80d7eee4cf90417e38aa3b75d31ceea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_bZ7CmZdMagBeihUAq1TeQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExNjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a80d7eee4cf90417e38aa3b75d31ceea","width":300,"height":83}},"lazy":false},{"type":"text","content":"ENGLEWOOD CLIFFS, N.J. and MELVILLE, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), and The First of Long Island Corporation (Nasdaq: FLIC) (“First of Long Island”), parent company of The First National Bank of Long Island, today announced they have received the approval of the Federal Deposit Insurance Corporation to proceed with the previously announced merger of ConnectOne and First of Long Island.","length":517,"tagName":"p"},{"type":"text","content":"Closing of the transaction is expected to occur on or about June 1, 2025, pending approvals or waivers from the New Jersey Department of Banking and Insurance and the Federal Reserve Bank of New York.","length":200,"tagName":"p"},{"type":"text","content":"“We are pleased to have received FDIC approval to combine two highly complementary, client focused banks,” said Frank Sorrentino III, Chairman and Chief Executive Officer of ConnectOne. “By leveraging ConnectOne’s commercial expertise and modern infrastructure, we are well-positioned to serve First of Long Island’s distinguished client base. We look forward to unlocking new opportunities for our clients, employees, and stakeholders.”","length":437,"tagName":"p"},{"type":"text","content":"“I’m excited to move ahead with our proposed merger with ConnectOne,” commented Chris Becker, CEO of The First National Bank of Long Island. He added, “Following months of strategic and collaborative planning, our teams are ready to execute a seamless integration. I am thrilled to partner with an organization that values client service in the same way we do, and I look forward to ensuring a smooth transition for our clients.”","length":429,"tagName":"p"},{"type":"text","content":"Upon completion of the tr...