ConnectOne Bancorp, Inc. announced the successful completion of its merger with The First of Long Island Corporation, effective June 1, 2025. This strategic transaction significantly expands ConnectOne's scale, with the combined company now operating under the ConnectOne brand.
The newly combined entity boasts approximately $14 billion in total assets, $11 billion in total deposits, and $11 billion in total loans. This expansion establishes ConnectOne as a premier regional financial institution with an enhanced presence across New York, New Jersey, and Southeast Florida, now operating with over 60 branches.
As part of the merger agreement, First of Long Island shareholders received 0.5175 shares of ConnectOne common stock for each share of FLIC common stock owned. ConnectOne's Board of Directors has been expanded to 15 members, welcoming Christopher Becker as Vice Chairman, along with Peter Quick and Ed Haye as independent directors, bringing valuable expertise to the enlarged organization.
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