ConnectOne Merger to Reshape Long Island Banking Landscape with $284M Deal

ConnectOne Merger to Reshape Long Island Banking Landscape with $284M Deal

FDIC approval clears path for June closing; ConnectOne to become a top five community bank in Nassau and Suffolk counties.

FDIC approves ConnectOne, Long Island bank merger

The basics: FDIC approves $284M ConnectOne–First of Long Island merger Combined bank to hold $14B in assets, $11B in deposits and loans Merger strengthens ConnectOne’s Long Island footprint Deal expected to close around June 1, pending final approvals The parent companies of ConnectOne Bank and The First National Bank of Long Island received approval from the Federal Deposit Insurance Corp. to proceed with merger plans. The transaction was valu…