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Subsequent Events
6 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 15. Subsequent Event

On July 12, 2018, the Company entered into a definitive agreement with Greater Hudson Bank, pursuant to which Greater Hudson Bank (OTCQX:GHDS) will merge with and into the Bank, which will be the surviving institution, in an all-stock transaction. Under the terms of the agreement each outstanding share of Greater Hudson Bank common stock will be exchanged for 0.245 shares of the Company’s common stock. The transaction is valued at $76.3 million, or approximately $6.16 per GHDS share, based upon the closing common stock price of $25.15 for ConnectOne Bancorp as of July 11, 2018. The transaction has been unanimously approved by the Board of Directors of both companies and is expected to be completed early in the first quarter of 2019, subject to approval by Greater Hudson’s shareholders, as well as regulatory approvals and other customary closing conditions.