The First Of Long Island and ConnectOne Merger Approved

The First Of Long Island ( (FLIC) ) has provided an announcement.

On May 6, 2025, The First of Long Island Corporation and ConnectOne Bancorp, Inc. announced they received regulatory approval from the FDIC for their merger, expected to close around June 1, 2025. The merger will create a combined entity under the ConnectOne brand, with approximately $14 billion in assets, positioning ConnectOne as a top community bank on Long Island, enhancing service capabilities and market presence.

Spark’s Take on FLIC Stock

According to Spark, TipRanks’ AI Analyst, FLIC is a Neutral.

The overall score of 61 reflects significant financial challenges faced by The First Of Long Island, with dire revenue and equity issues impacting long-term viability. While the cash flow remains stable, the technical indicators suggest a bearish trend, and valuation provides some support through a decent dividend yield. Immediate corrective actions are necessary to improve financial health and investor confidence.

To see Spark’s full report on FLIC stock, click here.

More about The First Of Long Island

ConnectOne Bancorp, Inc. is a modern financial services company operating through ConnectOne Bank and its fintech subsidiary, BoeFly, Inc., focusing on small to middle-market businesses. The First of Long Island Corporation is the parent company of The First National Bank of Long Island, serving business and consumer needs on Long Island and in New York City with a broad set of banking products.

Average Trading Volume: 80,450

Technical Sentiment Signal: Hold

Current Market Cap: $275.1M

For an in-depth examination of FLIC stock, go to TipRanks’ Stock Analysis page.