ConnectOne Bancorp to acquire First of Long Island for ~$284M in stock merger

ConnectOne Bancorp, Inc.

FLIC shareholders receive 0.5175 CNOB shares per FLIC share; aggregate value ~$284M (~$12.40/FLIC share).
Combined entity will have ~$14B assets, $11B deposits, $11B loans; creates top-5 Long Island bank.
Transaction expected ~36% accretive to 2025 EPS; tangible book value dilution of 12% with ~2.9-year earnback.
FLIC CEO Chris Becker to become Vice Chair of ConnectOne; two FLIC directors join board.
Close expected mid-2025; subject to shareholder and regulatory approvals; CNOB plans $100M sub-debt raise.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.