ConnectOne Bancorp's CEO indicated that the company could pursue additional deals in a more favorable mergers and acquisitions environment. This commentary comes as the bank awaits regulatory approval for its acquisition of The First of Long Island Corporation.
The CEO anticipates potential enhancements to regulators’ review processes, which could lead to more streamlined approvals for future transactions. This outlook suggests a strategic readiness to capitalize on market opportunities for expansion.
The bank's current focus includes the successful integration of its pending acquisition, which is expected to significantly enhance its market presence. Future M&A activity would further build upon this expanded foundation.
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