M&A - FIRST OF LONG ISLAND CORP

Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Merger

Type: New

Accession Number: 000094337425000103

Filing Summary: On February 14, 2025, The First of Long Island Corporation held a Special Meeting of Shareholders where two key proposals were approved. The first was to approve an Agreement and Plan of Merger with ConnectOne Bancorp, Inc., which entails merging with ConnectOne and converting each share of the Company's common stock into 0.5175 shares of ConnectOne common stock. The second proposal was to approve certain compensation related to the merger. Out of 22,545,524 eligible votes, 16,609,795 shares (73.7%) were voted, with strong support for both proposals. The shareholders voted 15,614,634 in favor and 792,447 against the merger. For the compensation proposal, there were 13,066,648 votes for and 3,259,211 against. Additionally, ConnectOne held a Special Meeting on the same day, where its shareholders also approved the issuance of shares pertaining to the merger. A joint press release announcing these approvals was issued by the Company and ConnectOne.

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Form Type: DEFA14A

Filing Date: 2025-02-07

Corporate Action: Merger

Type: New

Accession Number: 000094337425000072

Filing Summary: The First of Long Island Corporation has adopted a merger proposal with ConnectOne Bancorp, believing this change will enhance service to customers and communities. The Board of Directors recommends shareholders vote in favor of the merger agreement, certain compensation related to the merger, and potential adjournments of the Special Meeting. Shareholders are encouraged to vote before the Special Meeting on February 14, 2025, via phone or online.

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Form Type: DEFM14A

Filing Date: 2024-12-31

Corporate Action: Merger

Type: New

Accession Number: 000110465924132717

Filing Summary: The First of Long Island Corporation (FLIC) and ConnectOne Bancorp, Inc. have proposed a merger in which FLIC will merge into ConnectOne, with ConnectOne as the surviving entity. Under the merger agreement dated September 4, 2024, FLIC shareholders will receive 0.5175 shares of ConnectOne common stock for each share of FLIC common stock they own on the merger's effective date. Additionally, FLIC shareholders will receive cash for any fractional shares due to the merger. The anticipated share conversion implies a value of approximately $12.03 based on recent trading prices. Special meetings for shareholders of both companies are planned for February 14, 2025, to vote on the merger agreement and related proposals. Both boards of directors recommend approval of the merger, emphasizing the strategic advantages for the combined entities.

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