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Big Law

ConnectOne Bancorp to Buy Bancorp of NJ for $113M

ConnectOne Bancorp, Inc. announced plans to acquire Bancorp of New Jersey, Inc. the parent of the Bank of New Jersey, in a deal valued at $113 million.

The merger would strengthen ConnectOne’s scale and competitive position in the New York metro market and as one of New Jersey’s largest independent banks. Bancorp of New Jersey will add approximately $800 million of deposits and loans to ConnectOne.

ConnectOne Bancorp, Inc., through its subsidiary, ConnectOne Bank offers a full suite of both commercial and consumer banking and lending products and services through its 29 banking offices located in New York and New Jersey.

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