M&A
confidence high
sentiment positive
materiality 0.75
ConnectOne and First of Long Island shareholders approve merger; close expected Q2 2025
ConnectOne Bancorp, Inc.
- ConnectOne shareholders voted 29.6M for, 22.7K against, 150.4K abstentions; FLIC shareholders also approved.
- Combined company will have ~$14B assets, $11B deposits, $11B loans, becoming top-5 bank on Long Island.
- Closing expected in Q2 2025, subject to regulatory approvals and customary conditions.
- FLIC CEO Chris Becker to become Vice Chairman of ConnectOne following transaction close.