Form 4: ConnectOne Bancorp Director Peter Quick Acquires Shares Following First of Long Island Corp. Merger

ConnectOne Bancorp, Inc. Director Peter Quick has acquired 36,014 shares of CNOB common stock through direct and indirect exchanges as part of the merger with First of Long Island Corp.

Summary

• Peter Quick, a Director of ConnectOne Bancorp, Inc. (CNOB), acquired a total of 36,014 shares of CNOB common stock on June 1, 2025.
• The acquisition was a result of the merger of First of Long Island Corp. (FLIC) into ConnectOne Bancorp, Inc.
• Mr. Quick directly received 27,994 shares of CNOB common stock in exchange for 54,095 shares of FLIC common stock.
• An additional 7,762 shares of CNOB common stock were received indirectly by an LLC, in exchange for 15,000 shares of FLIC common stock.
• A further 258 shares of CNOB common stock were received indirectly by a Trust, in exchange for 500 shares of FLIC common stock.
• On the effective date of the merger, the closing price of FLIC's common stock was $11.87 per share, and the closing price of CNOB's common stock was $22.97 per share.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While a Form 4 is primarily a disclosure of a transaction, the acquisition of shares by a director, even if through a merger exchange, can be interpreted as a sign of continued confidence in the company's prospects post-merger. The successful completion of the merger itself is a positive event.

Positives

• The successful completion of the merger between First of Long Island Corp. and ConnectOne Bancorp, Inc. indicates strategic growth and consolidation within the banking sector.
• A director increasing their beneficial ownership, even through a merger-related exchange, can be viewed as a sign of confidence in the combined entity's future prospects.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook, as its purpose is to report a change in beneficial ownership.

Industry Context

This transaction reflects the ongoing consolidation trend within the U.S. regional banking sector, where smaller institutions merge to achieve greater scale, efficiency, and market presence. The merger of FLIC into CNOB is consistent with strategies aimed at enhancing competitive positioning and expanding geographic reach.

Stakeholder Impact

• Shareholders of First of Long Island Corp. (FLIC) have had their shares converted into ConnectOne Bancorp, Inc. (CNOB) common stock, impacting their investment holdings.
• Existing ConnectOne Bancorp, Inc. shareholders may view the director's increased stake as a positive signal of management alignment and confidence in the company's future.

Key Dates

Keywords

ConnectOne Bancorp, CNOB, Peter Quick, Director, SEC Form 4, Beneficial Ownership, Merger, First of Long Island Corp., FLIC, Share Exchange, Insider Transaction