"We are putting together two of the best performing banks in the state and will be leveraging both of our capabilities," Frank Sorrentino 3rd, the chairman and CEO of ConnectOne.

Lesson of the ConnectOne/Center Deal: Deposits Are Hot Again

ConnectOne is a busy lender but light on deposits, while Center Bancorp has a low loan-to-deposit ratio. The combined company will stand a better chance at organic loan growth in the future. More deals like it are coming as banks look to a more robust lending environment in the next few years.

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