Refusing to take no for an answer, Long Island's North Fork Bancorp sweetened an earlier acquisition proposal for a neighboring institution that has already rebuffed the bank twice.

The Mattituck, N.Y.-based company has offered to increase its January cash offer to buy Farmingdale-based Sunrise Bancorp for 136% of Sunrise's book value, according to a filing with the Securities and Exchange Commission last week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.