ConnectOne CEO Explains Bank's Merger with Center of N.J.

Community bank ConnectOne is selling itself to Center Bancorp of New Jersey, in a $243 million deal that the companies are calling a merger of equals. ConnectOne Chief Executive Frank Sorrentino, who will run the combined bank as Chairman and CEO, tells American Banker about the reasoning behind the deal's unusual structure and discusses his plans for the merged company's expansion in New Jersey and the New York area.