ConnectOne to Acquire The First of Long Island in a $284 Million All-Stock Deal

ConnectOne Bancorp, Inc. (CNOB) entered into a merger agreement on September 5, 2024, to acquire smaller peer The First of Long Island Corporation (FLIC) in an all-stock deal valued at $284 million.

Deal Structure:

Under the terms of the agreement, First of Long Island shareholders will receive 0.5175 shares of ConnectOne common stock for each share of First of Long Island common stock.

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