$243M NJ Bank Merger To Create State's 4th-Largest Bank

Law360, New York (January 21, 2014, 2:01 PM EST) -- A pair of New Jersey community banks on Tuesday announced plans for a $243 million merger in a bid to scale up their operations and better meet customer, and regulatory, needs.

The deal between Center Bancorp Inc. and ConnectOne Bancorp Inc. will result in a bank with a combined $3 billion in total assets, $2.3 billion in total deposits and $2.1 billion in total loans, making it the fourth-largest New Jersey-based bank on a pro forma basis. The combined companies will also have 24 branches spread...
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