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Provider: New Constructs, LLC
Provider: Thomson Reuters Stock Report
Provider: S&P Capital IQ Quantitative Report
Provider: Reuters Investment Profile

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Center Bancorp Inc and ConnectOne Bancorp Inc. to Merge, Creating New Jersey's Premier Community Bank

Tuesday, 21 Jan 2014 07:01am EST 

Center Bancorp Inc:Says company and ConnectOne Bancorp Inc jointly entered into a definitive agreement to merge, in a transaction valued at $243 mln, based on the closing price of Center common stock on Jan. 17.Says the combined company will have about $3.0 bln in total assets, $2.3 bln in total deposits and $2.1 bln in total loans with 24 branch locations across northern New Jersey.Says on a pro forma basis, the combined bank will be the fourth largest New Jersey headquartered banking institution in the markets it serves and will be focused on serving middle market commercial businesses in some of the most affluent counties in the state. 

Company Quote

0.22 +1.15%
18 Sep 2014